Standalone assignment

Midterm Exam - Property Management System

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Question 1

It refers to the duties and responsibilities of the property manager to the landlord to the landlord to
inform the public of the unit availability in the apartment complex.

Score: 1 out of 1 Yes

Question 2

It is a legal claim placed on properties as collateral in a mortgage transaction and mortgagors can seize
the property in cases of payment default.

Score: 1 out of 1 Yes

Question 3

It is one the many reasons a landlord hires a property manager, high and stable income and

Score: 1 out of 1 Yes

Question 4

It is a type of study conducted as a basis to know the current state of the and this may include
demographic trends, Competition, market rents in the area, etc.

Score: 1 out of 1 Yes

Question 5

It is the main duty and responsibility of the tenant in a lease agreement.

Score: 1 out of 1 Yes

Question 6

He is a person who has the capacity to effectively conduct the wise measure in managing a property
through the acquisition of knowledge and expertise.

Score: 1 out of 1 Yes

Question 7
A detailed form of Property Management Agreement which provides greater protection against Claims
like breach of duties to the landlord.

Score: 1 out of 1 Yes

Question 8

It is stated in these cluster of tenant information that tells how many pets it has.

Score: 1 out of 1 Yes

Question 9

It is the highest level at which a property manager is expected to conduct in the property and is the
typical level that a landlord expects the manager to perform and deliver.

Score: 1 out of 1 Yes

Question 10

It provides contact information of a person that can be use for verification on the whereabouts of the
tenant on unusual situations.

Score: 0 out of 1 No

Question 11

It is one of the benefits of the LOI that it clearly states the rights and obligations of the parties to avoid
misunderstanding.

Question 12

It is the benefits of the LOI that demonstrate the seriousness of the lease applicant.

Score: 0 out of 1 No

Question 13

These are the following type of landlords that require property managers, except.

Score: 1 out of 1 Yes

Question 14

Staff A got into an accident while performing his task as an employee of A Property Management. What
insurance covers this kind of incident?

Score: 1 out of 1 Yes

Question 15

A fee structure that is based on the tenant payments that are still to be realized by the management and
this includes vacant units.
Score: 0 out of 1 No

Question 16

It refers to the basic understanding and the effective use of the real estate laws and regulations in a
property managers job,

Score: 1 out of 1 Yes

Question 17

Property manager A had noticed that the market rent in the area had increased from P1,200/sqm to
P1,350/sqm. He is drafting a notice to all tenants of the increase after consultation with the owner of
the property. What duties and responsibilities of the manger does it imply?

Score: 0 out of 1 No.

Question 18

It is a snapshot view of the property that can provide information as to who were the first owners of the
property prior to sale.

Score: 1 out of 1 Yes

Question 19

It is a letter prepared by a landlord after the initial negotiation has taken place.

Score: 1 out of 1 Yes

Question 20

It is a non-binding letter coming from a prospective tenant that serves as the starting point of the
negotiations.

Score: 1 out of 1 Yes

Question 21

A type rent review which is based on the inflation index in determining the changes in the rental rates.

Score: 1 out of 1 Yes

Question 22

It is the purpose of the property manager in conducting the property inspection.

Score: 1 out of 1 Yes

Question 23

It is this responsibility of the property manager to the landlord that requires him to show the property
being offered for lease.
Score: 1 out of 1 Yes

Question 24

It is the efficient and effective use of management process and techniques in performing once's duties
and responsibilities.

Question 25

In considering the prudent investor standard, the following are taken into account, except.

Score: 1 out of 1 Yes

Question 26

It is a benefit of the LOI that allows the refinement on the points of discussion in the finalization of the
mutual understanding of the parties.

Score: 1 out of 1 Yes

Question 27

It is a non-binding agreement that indicates the term and conditions of the investment and as is much
broader basis for legally binding documents.

Score: 1 out of 1 Yes

Question 28

It is the ability of a property manager to efficiently address the needs and concerns of tenants.

Score: 1 out of 1 Yes

Question 29

It can be contained in a Tenant's letter of Intent, except.

Score: 0 out of 1 No

Question 30

This kind of insurance covers damages when a property management staff's action causes damaged to
the property of the tenant.

Score: 1 out of 1 Yes

Question 31

It is one of the responsibilities of a property manager to the landlord which is a course of action when a
tenant just move-in her unit and this is required to avoid pest infestation.

Score: 0 out of 1 No
Question 32

A property management skill that demonstrates the ability to impart the terms and conditions of the
contract to the tenant.

Score: 0 out of 1 No

Question 33

He is a type of landlord that does not directly manage his rental property but rather hires a property
manager to manage his leases for a single to a few more property.

Score: 0 out of 1 No

Question 34

A type of fee charge to tenants upon submission of a lease application.

Score: 0 out of 1 No

Question 35

Property manager A subjected 3 units for an upgrade in order to rectify the units condition to make it
more habitable to the next tenant bay replacing the ailing HVAC. This course of action refers to what
duties and responsibilities?

Score: 0 out of 1 No

Question 36

The most common form of fee structure that is based on a portion of the income collected.

Score: 1 out of 1 Yes

Question 37

Property manager A required tenant B to provide the contact information of her previous landlord. This
action of property manager A falls under what duties and responsibilities?

Score: 1 out of 1 Yes

Question 38

A fee charge to a client in cases a tenant ceases to avail of the property management services while the
the lease contract is in effect.

Score: 1 out of 1 Yes

Question 39

Fees paid to the property management in handling expelling tenant who violated pay terms of the
contact.
Score: 1 out of 1 Yes

Question 40

A type of rent review that is based on comparative market analysis of rents in the area.

Score: 1 out of 1 Yes