Periodic Tenancy

QUESTION 1

An asset manager’s services would include:

a.paying the property taxes and insurance premiums for a client’s property when due

b.evaluation of whether a client’s property is serving its highest and best use

c.hiring and supervising the staff for a client’s property

d.heading the leasing team for a client’s property  

QUESTION 2

“Any allocation of funds that is expected to generate a profit for the owner” is a definition of:

a.appreciation

b.dividend

c.investment

d.security

 QUESTION 3

Anya is preparing a management plan for an office building. In her regional analysis, Anya is likely to be especially interested in data concerning:

a.average family size

b.HVAC alternatives

c.consumer trends

d.future employment growth

QUESTION 4

As a general rule, and without reference to specific provisions in the lease agreement, notice of termination is required:

a.only when a landlord (or his property manager) wants to end a tenant’s periodic tenancy

b.when a tenant wants to end a term tenancy

c.when either the landlord or the tenant wants to end a periodic tenancy

d.when either the landlord or the tenant wants to end a term tenancy