TEXAS REAL ESTATE PROPERTY MANAGEMENT FINAL EXAM 2024<\/p>\n\n\n\n
Under the management agreement, how many days prior to the end of the term
must notice of termination be given?
30
60
90
0 – ANSWER- 30
What is the biggest expense in managing a resort?
maintenance
housekeeping
security
replacing household items – ANSWER- housekeeping
Which of the following additional responsibilities would the property manager of a
ranch have?
soil management
water management<\/p>\n\n\n\n
labor management
all of the above – ANSWER- all of the above
Chapter 82 of the Texas Property Code applies to which of the following?
residential condominiums
office condominiums
commercial condominiums
all of the above – ANSWER- all of the above
A “bump” clause is synonymous with which other clause?
percentage rent
holdover
option to purchase
escalator – ANSWER- escalator
What typically happens to the improvements at the end of a ground lease?
The landlord removes them
The tenant must remove them
The landlord will own them
The tenant keeps them – ANSWER- The landlord will own them
What is a non-disturbance clause?<\/p>\n\n\n\n
It is a clause in a lease that says a tenant cannot be evicted due to a foreclosure
against the property
It is a lease that says the tenant must not be disruptive to other tenants
It is a clause that says a landlord cannot evict a tenant Correct: False
It is a clause that establishes quiet hours – ANSWER- It is a clause in a lease that
says a tenant cannot be evicted due to a foreclosure against the property
In a gross sales calculation from a percentage lease, which of the following would
not be included in the calculation?
Sales from a tenant’s satellite office
Sales from a kiosk within the tenant’s leased premises
Sales made by phone to the tenant’s store
Sales occurring as a result of a phone call to the tenant’s store – ANSWER- Sales
from a tenant’s satellite office
What is NOT included into Landlord Remedies?
Terminate the Lease
Demand payment of all past and future rent through the end of the Lease Term
Obtain a security interest in Tenant’s possessions
Abandon the Premises – ANSWER- Abandon the Premises
When a tenant defaults on a lease, the landlord can do all of the following except:
Terminate the lease<\/p>\n\n\n\n
Evict the tenant immediately
Demand payment of all past and future rent through the end of the lease term
Seek to collect any unamortized costs of improvements made by the Landlord –
ANSWER- Evict the tenant immediately
The listing agreement and the representation agreement expressly state what?
That a broker does have the authority to bind the owner to an agreement.
That a broker does not have the authority to bind the owner to an agreement.
That the broker cannot sign any documents whatsoever.
That the landlord or tenant cannot sign any documents whatsoever. – ANSWER\u0002That a broker does not have the authority to bind the owner to an agreement.
Which of the following is a true statement?
The move-out date is established by the tenant
The tenant may apply the security deposit to the last month’s rent
All occupants must surrender the apartment before the 30-days period for deposit
refund begins
The tenant may make a partial payment of rent if he moves out prior to the move\u0002out date – ANSWER- All occupants must surrender the apartment before the 30-
days period for deposit refund begins
In order to be an indication of abandonment, the tenant must have been in default
on the payment of rent for at least___ days<\/p>\n\n\n\n