TN Real Estate State Test Verified Questions And Answers 2023

TN Real Estate State Test Verified Questions And Answers 2023 What Tennessee law covers landlord-tenant relations? Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both landlords and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the right to the receipt of rent is inseparable from the duty to maintain the premises. Anyone who manages even one unit should have a copy of this law and consult it frequently. The days have gone by when a landlord or manager could simply change the locks and toss a tenant's belongings into the street. Today, the tenant has enforceable rights, and if the landlord violates these rights, the landlord may be faced with financial penalties. Is there a special license required for brokers to be property managers? There is no license just for property managers in Tennessee, unless they are engaged in rental/leasing management of property of others. If so, they come under the Tennessee Real Estate Broker License Act of 1973. A resident manager hired by the owner, the broker, or an employee of the broker is exempt only if the duties they perform do not include negotiation of leases or security deposits.