DC Property Managers Exam
Questions and Answers. Grade
A+ Guaranteed
1. Net Lease The tenant pays for all Operating Expenses in addition to Base
Rent.
2. Triple Net Lease Tenant will pay including all Operating Expenses including
real estate taxes, insurance, roof maintenance, etc.
3. Leasehold Interest When the owner leases a property, it temporarily
transfers to the tenant a portion of right of possession or when a property is sold
the new owner's rights are transferred.
4. Leesee A person who holds the lease of a property; a tenant
5. Lessor A person who leases or lets a property to another; a landlord.
6. Property Manager's are entrusted to look after other people's money this
includes: Opening Bank Accounts, promptly depositing all receipts, and
paying vendors when all services are completed.
7. Physical Inspections Is a method used to evaluate the property's condition
& equipment as well as being the first step to develop a plan to address any
issues.
8. When should an inspection be performed after a resident has moved
out? Ideally the same day.
,9. Some areas to regular inspect include Roofs- look for pondering water,
holes, and debris; Parking Lots- look for pavement alligator, loose graveling,
potholes Front Entrance- look for trip hazards, cracked windows; Exterior
Facades- failed caulking, loose concrete, crack windows.
10. In order to generate a list of what to be inspected on a property A walk-
through of the property and all of the areas related to its mechanical, electrical,
telephone, and life safety equipment needs to be conducted. Frequency of
inspections are determined annually, semi-annually, quarterly, and monthly.
11. Request For Proposal or RPF To develop a clear and thorough specification
for contracts to bid on is called
12. What is included in an RPF? Scope of work, how is to be performed,
frequency, special requirements, work hours, timetable to complete, insurance
requirements, deadline for submission, number of personnel to be provided,
warranty, & references.
13. Before marketing an available space or unit, Be sure that it is clean and
presentable and that the owner has approved all marketing plans.
14. What is a legal reason for a landlord to evict a tenant? Landlord wants to
occupy the rental unit.
15. All evictions except non-payment of rent must be filed with Rental
Accommodations Division (RAD)
, 16. A landlord may evict a tenant for only one of ten statutory reasons some of those
reasons include Nonpayment of rent, Violation of an obligation of tenancy,
of which the tenant failed to correct after notice; Tenant performed as illegal act
within the rental unit.
17. A property's foreclosure in not A legal basis to evict tenant. Should an
eviction occur, there is no change in tenant's rights.
18. Owners are required to File an income tax return, file & maintain accurate
records of all income and expenses.
19. Security Deposits Owner is required to pay interest on security deposits.
20. Smoke Detectors should be installed at least 1 smoke detector per sleeping
area, in the room used for sleeping and outside the bedroom but in the mediated
vicinity of the sleeping area.
21. Each owner should install smoke detectors an comply with the requirements
of The Smoke Detector Act of 1978.
22. Smoke detectors should be directly wired to The power supply of the
building.
23. The owner shall post in conspicuous places Instructions on the operation
of the fire alarm, whether the apartment building fire alarm is separate from or
connected to detectors in the individual unit or building, connected to Fire,
Medical Services, and a warning that in the event of a fire call 911.
Questions and Answers. Grade
A+ Guaranteed
1. Net Lease The tenant pays for all Operating Expenses in addition to Base
Rent.
2. Triple Net Lease Tenant will pay including all Operating Expenses including
real estate taxes, insurance, roof maintenance, etc.
3. Leasehold Interest When the owner leases a property, it temporarily
transfers to the tenant a portion of right of possession or when a property is sold
the new owner's rights are transferred.
4. Leesee A person who holds the lease of a property; a tenant
5. Lessor A person who leases or lets a property to another; a landlord.
6. Property Manager's are entrusted to look after other people's money this
includes: Opening Bank Accounts, promptly depositing all receipts, and
paying vendors when all services are completed.
7. Physical Inspections Is a method used to evaluate the property's condition
& equipment as well as being the first step to develop a plan to address any
issues.
8. When should an inspection be performed after a resident has moved
out? Ideally the same day.
,9. Some areas to regular inspect include Roofs- look for pondering water,
holes, and debris; Parking Lots- look for pavement alligator, loose graveling,
potholes Front Entrance- look for trip hazards, cracked windows; Exterior
Facades- failed caulking, loose concrete, crack windows.
10. In order to generate a list of what to be inspected on a property A walk-
through of the property and all of the areas related to its mechanical, electrical,
telephone, and life safety equipment needs to be conducted. Frequency of
inspections are determined annually, semi-annually, quarterly, and monthly.
11. Request For Proposal or RPF To develop a clear and thorough specification
for contracts to bid on is called
12. What is included in an RPF? Scope of work, how is to be performed,
frequency, special requirements, work hours, timetable to complete, insurance
requirements, deadline for submission, number of personnel to be provided,
warranty, & references.
13. Before marketing an available space or unit, Be sure that it is clean and
presentable and that the owner has approved all marketing plans.
14. What is a legal reason for a landlord to evict a tenant? Landlord wants to
occupy the rental unit.
15. All evictions except non-payment of rent must be filed with Rental
Accommodations Division (RAD)
, 16. A landlord may evict a tenant for only one of ten statutory reasons some of those
reasons include Nonpayment of rent, Violation of an obligation of tenancy,
of which the tenant failed to correct after notice; Tenant performed as illegal act
within the rental unit.
17. A property's foreclosure in not A legal basis to evict tenant. Should an
eviction occur, there is no change in tenant's rights.
18. Owners are required to File an income tax return, file & maintain accurate
records of all income and expenses.
19. Security Deposits Owner is required to pay interest on security deposits.
20. Smoke Detectors should be installed at least 1 smoke detector per sleeping
area, in the room used for sleeping and outside the bedroom but in the mediated
vicinity of the sleeping area.
21. Each owner should install smoke detectors an comply with the requirements
of The Smoke Detector Act of 1978.
22. Smoke detectors should be directly wired to The power supply of the
building.
23. The owner shall post in conspicuous places Instructions on the operation
of the fire alarm, whether the apartment building fire alarm is separate from or
connected to detectors in the individual unit or building, connected to Fire,
Medical Services, and a warning that in the event of a fire call 911.
