DC Property Manager exam Law
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questions with answers |\ |\
I. What is A property manager's primary goal?
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To produce the greatest net return for the owner.
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I. these are the parties to a property management agreement
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that establishes a general agency relationship.
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The licensee and the property owner
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Property management agreements should include:
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description of the property, terms, reporting, Compensations,
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manager's authority, manager's duties, management costs,
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owner's purpose, owner's responsibilities and An equal
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opportunity statement |\
I. Common property manager duties can include:
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Maintaining and delivering financial reports Renting and
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Marketing properties Collecting rent handling tenant problems
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Maintaining the property Complying with local, state, and federal
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regulations
, I. it is a binding contract that allows a tenant to occupy (not own)
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a property.
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A lease
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I. The tenant stays after the right to possess has terminated. The
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
tenant is known as a
|\ |\ |\ |\ |\
holdover tenant. |\
In the District of Columbia, A Building Permit is required for the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Following:
• New construction and foundations
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• Additions, alterations, or repair of existing buildings •
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Demolition• Razes• Construction of retaining walls, fences,
|\ |\ |\ |\ |\ |\ |\
sheds, garages, or vault construction• Erection of signs or
|\ |\ |\ |\ |\ |\ |\ |\ |\
awnings• Layout of interior space for tenants in new or existing
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
commercial buildings |\
Sufficient Hot Water Temp |\ |\ |\
Temperature of not less than one hundred twenty degrees |\ |\ |\ |\ |\ |\ |\ |\ |\
Fahrenheit (120 F.) |\ |\
Furnace/Boiler/Heating System Inspection Dates |\ |\ |\
|\ |\ |\ |\ |\
questions with answers |\ |\
I. What is A property manager's primary goal?
|\ |\ |\ |\ |\ |\ |\
To produce the greatest net return for the owner.
|\ |\ |\ |\ |\ |\ |\ |\
I. these are the parties to a property management agreement
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
that establishes a general agency relationship.
|\ |\ |\ |\ |\
The licensee and the property owner
|\ |\ |\ |\ |\
Property management agreements should include:
|\ |\ |\ |\
description of the property, terms, reporting, Compensations,
|\ |\ |\ |\ |\ |\ |\
manager's authority, manager's duties, management costs,
|\ |\ |\ |\ |\ |\
owner's purpose, owner's responsibilities and An equal
|\ |\ |\ |\ |\ |\ |\
opportunity statement |\
I. Common property manager duties can include:
|\ |\ |\ |\ |\ |\
Maintaining and delivering financial reports Renting and
|\ |\ |\ |\ |\ |\ |\
Marketing properties Collecting rent handling tenant problems
|\ |\ |\ |\ |\ |\ |\
Maintaining the property Complying with local, state, and federal
|\ |\ |\ |\ |\ |\ |\ |\ |\
regulations
, I. it is a binding contract that allows a tenant to occupy (not own)
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
a property.
|\ |\
A lease
|\
I. The tenant stays after the right to possess has terminated. The
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
tenant is known as a
|\ |\ |\ |\ |\
holdover tenant. |\
In the District of Columbia, A Building Permit is required for the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Following:
• New construction and foundations
|\ |\ |\ |\
• Additions, alterations, or repair of existing buildings •
|\ |\ |\ |\ |\ |\ |\ |\ |\
Demolition• Razes• Construction of retaining walls, fences,
|\ |\ |\ |\ |\ |\ |\
sheds, garages, or vault construction• Erection of signs or
|\ |\ |\ |\ |\ |\ |\ |\ |\
awnings• Layout of interior space for tenants in new or existing
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
commercial buildings |\
Sufficient Hot Water Temp |\ |\ |\
Temperature of not less than one hundred twenty degrees |\ |\ |\ |\ |\ |\ |\ |\ |\
Fahrenheit (120 F.) |\ |\
Furnace/Boiler/Heating System Inspection Dates |\ |\ |\
