Exam (elaborations)
22-property management questions & answers latest update
- Course
- Institution
22-property management questions & answers latest update
[Show more]
Content preview
22-property managementproperty managers in NY - correct answer ✔✔for those wanting to specialize in property management
career, a rela estate license is a must
property manager - correct answer ✔✔oversees the management of a number of properties for various
owners
building manager - correct answer ✔✔manages just one building
resident manager - correct answer ✔✔represents a property management firma nd may live on the
premises of the building that he or she manages
BOMA international-building owners and manager association - correct answer ✔✔professional
organization that offers educational courses for property managers as they continue their career
RPA-real property administer- if awarded to those who complete
the institute of real estate management -IREM - correct answer ✔✔national association of realtoers
affiliate group that offers eduation and gives out ARM -accredited residential manager and CPM-
certified property mnager
NARPM- national association of residential property managers - correct answer ✔✔manage single family
dwellings gives out PPM-professional property manager and MPM master property manager
leasehold estate - correct answer ✔✔type of interest that gives the holder temporary right to exclusive
possession of that real estate without actually having title to property
estate for years - correct answer ✔✔-any leasehold estate for a fixed time period with specific beginning
and ending date
-terminates automatically at end of specific period
, -not terminated by the death of either party
terminating estate for years - correct answer ✔✔neither tenant or landlord can terminate early unless
mutual agreement
periodic tenancy - correct answer ✔✔last for an identified period of but does not have termination date
and automatically renews itself
most commom periodic tenancy - correct answer ✔✔month to month
tenancy at will - correct answer ✔✔no specified termination date and no regular rental period
tenancy at sufferance - correct answer ✔✔possession of property by a tenant who originally has a right
to live on the property but stays once lease expires without permission
anchor tenant - correct answer ✔✔major department or chain store stratigically located within a
shopping center to give maximum exposure to smaller satellite stores
general agent - correct answer ✔✔authorized to represent the principal in a broad range of matters as
specificed as part of a long term relationship
3 main jobs of a property manager - correct answer ✔✔-fulfill the goals and objectives of owners
-create income for owners
-maintain or increase the property's value
management agreememt - correct answer ✔✔governs the relationship between the owner and the
property manager
management authority - correct answer ✔✔outlines what a property manager is authorized to handle
typical duties of property manager - correct answer ✔✔selecting tenants and leasing units
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Kariagrades514. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now