Exam (elaborations)
Ch 22 Property Management, Landlords, and Tenants in DC Exam Questions and Answers
- Course
- Institution
Ch 22 Property Management, Landlords, and Tenants in DC Exam
[Show more]
Content preview
Ch 22 Property Management, Landlords,and Tenants in DC Exam
agent, owner of real estate - Correct Answers -The property manager is compensated
to act as an ----- for the ----- in all matters relating to the property's operation under the
property manager's direction.
operation - Correct Answers -The property manager is compensated to act as an agent
for the owner in all matters relating to the property's ----- under the property manager's
direction.
real estate sales, purchases - Correct Answers -Property managers don't perform
services related to ------- or -------.
property management agreement., confidentiality, account, - Correct Answers -
Fiduciary duties (§ 47-2853.195)
Comply with the ------
Exercise ordinary care.
Disclose pertinent facts to owner.
Maintain -------
Properly ------- for money and property.
Comply with all applicable statutes, laws, and regulations.
resident managers - Correct Answers -Property managers may supervise ----- day-to-
day operations.
own property, clerical, administrative - Correct Answers -A property management
license isn't required for managing one's ------- or for ---- or ---- tasks, such
as:
Delivering or receiving leases
Providing information about or showing units
, true - Correct Answers -t or f? you can show units without a property management
license
rental housing act of 1985 - Correct Answers -------- requires Rental Accommodations
Division (RAD) registration as either subject to or exempt from rent control.
rental accommodations division - Correct Answers -the rental housing act of 1985
requires ----- registration as either subject to or exempt from rent control.
Unregistered units - Correct Answers ---------- are subject to rent control.
one increase, 2%, 10% - Correct Answers -the rental housing act of 1985 prohibits
More than ------ per year for occupied properties
Rent increases greater than the consumer price index (CPI-W) plus---- with a ----- cap
consumer price index - Correct Answers -with the rental housing act of 1985 the
following is prohibited:
rent increases greater than the ------- plus 2% with a 10% cap.
hardship, capital improvements, renovations, 70% - Correct Answers -Landlords may
petition for additional increases in some cases, such as:
Demonstrated -----
Certain necessary ------ or ----
---- of tenants agree to the increase
federally, district-subsidized, four, 1975, vacant - Correct Answers -Units may be
exempt under certain limited circumstances to the rental housing act of 1985:
Federally ----- district-subsidized
Owned by natural person who has fewer than ----- units
Built after ----
------ when the act took place
buildings safe, habitable, fair housing laws - Correct Answers -landlord rights and
obligations:
Provide rental disclosures to applicants and new lessees:
Current rent and three-year rent history
Pending petitions or capital improvement surcharges
Status as rent-controlled or exempt
Housing code violations
Non-refundable application fee and security deposit amount
Pending sale information
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 millyphilip. 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)
66579 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now