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NEW QUESTION # 25
In addition to standard commercial liability insurance, a lease requires auto coverage for tenant-owned vehicles that are parked on the property. Which document describes how the auto insurance will be added to the commercial liability coverage?
Options:
Answer: B
NEW QUESTION # 26
A property manager is determining how much to lease their newly vacant space for. The manager has compiled data from neighboring buildings about their rents, vacancy, amenities, and absorption. The manager should use this data to create what kind of report?
Answer: D
Explanation:
Amarket comparablereport (or "comps") analyzes similar properties in the area to determine appropriate rental rates and leasing terms. By comparing rents, vacancy rates, amenities, and absorption, the property manager can make informed decisions based on local market conditions.
NEW QUESTION # 27
A property manager is looking to select an elevator service contractor. The property manager is concerned with needing emergency maintenance on weekends. Which assessment criteria would the property manager need to further consider in the selection process?
Answer: D
Explanation:
The property manager is specifically worried aboutavailability for emergency maintenance on weekends.
This means they need to be sure the contractor hasenough staff(sufficient workforce) available at all times - including off-hours - to respond to emergencies. While technical expertise is important, it won't help if no one is available to show up when needed.
NEW QUESTION # 28
A property manager must prepare the annual budget to review current rents, increases, and lease expiration dates. As the property manager, they want to prepare the budget by looking up tenant names, suite numbers, square footage, and other physical details. Which document should the manager use to compare information with an easy-to-read overview of the property and its tenants?
Answer: D
Explanation:
Arent rollis a document that lists the current tenants, their lease details, including names, suite numbers, square footage, rent amounts, and expiration dates. This document provides an easy-to-read overview and is essential for the property manager when preparing the annual budget.
NEW QUESTION # 29
A landlord operates a business incubator with private offices and shared amenity areas. In the past, a handful of tenants have exclusively occupied the amenity spaces on such a frequent basis that other tenants have been unable to access them. What type of provision can the landlord include in its leases to describe acceptable utilization of leased premises and common areas?
Answer: D
Explanation:
Ause clausedefines how tenants can use their leased space and shared amenities. Including specific language in the lease to limit or manage tenantaccess ensuresfair use of common areasand prevents misuse that affects other tenants.
NEW QUESTION # 30
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