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Study Guide for 302 Post Licensing Test Questions and Answers Rated A+ CA$14.43   Add to cart
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Study Guide for 302 Post Licensing Test Questions and Answers Rated A+
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Study Guide for 302 Post Licensing Test Questions and Answers Rated A+ What is the purpose of a property management budget? To plan and track income and expenses related to the management of a rental property. How should a property manager handle a tenant's request for a lease renewal? R...

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  • September 6, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • study guide for 302 post licensing test questions

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  • NC 302 Post Licensing
  • NC 302 Post Licensing

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Study Guide for 302 Post Licensing Test
Questions and Answers Rated A+
What is the purpose of a property management budget?


✔✔ To plan and track income and expenses related to the management of a rental property.




How should a property manager handle a tenant's request for a lease renewal?


✔✔ Review the current lease terms, negotiate any changes if needed, and provide a new lease

agreement.




What is the role of a property manager in handling tenant disputes?


✔✔ Mediate between tenants, address concerns according to the lease agreement, and seek

resolution in a fair manner.




What must be done if a tenant fails to comply with the lease agreement?


✔✔ Issue a formal notice of violation and follow legal procedures for enforcement or eviction if

necessary.




What is a property manager’s responsibility regarding insurance for rental properties?


1

, ✔✔ Ensure that adequate insurance coverage is maintained for the property and inform the

owner of any required updates.




What is the typical process for addressing a tenant’s request for property modifications?


✔✔ Evaluate the request, determine if it meets lease terms, and obtain approval from the

property owner before proceeding.




How should a property manager document property maintenance issues?


✔✔ Keep a detailed log of maintenance requests, actions taken, and any follow-up required.




What is a common strategy for marketing rental properties?


✔✔ Use online listings, social media, and traditional advertising methods to reach potential

tenants.




How does a property manager handle utility payments for a rental property?


✔✔ Ensure utilities are paid on time, and clarify with tenants who is responsible for each utility

as specified in the lease agreement.




What should be included in a tenant move-in checklist?

2

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