Property Management Flashcards
6 cards from real CA REAL ESTATE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Property Management flashcards as text
In California, what is the maximum security deposit a landlord may collect from a residential tenant for an unfurnished unit?
Answer: Two months' rent
California law limits security deposits for unfurnished residential units to a maximum of two months' rent.
Which document authorizes a property manager to act on behalf of the property owner?
Answer: Property management agreement
The property management agreement is the contract that grants the manager authority to act as the owner's agent.
Under California law, how much notice must a landlord typically give a month-to-month tenant before increasing rent?
Answer: 30 days
California requires at least 30 days' written notice for rent increases of 10% or less, and 90 days for increases over 10%.
What is the primary purpose of an estoppel certificate in property management?
Answer: To confirm the terms of a lease as stated by the tenant
An estoppel certificate is signed by a tenant confirming lease terms, rent amount, and any disputes — often required during a property sale.
In California, within how many days must a landlord return a tenant's security deposit after they vacate?
Answer: 21 days
California law requires landlords to return security deposits, along with an itemized statement of deductions, within 21 days of the tenant vacating.
Which of the following is a property manager's responsibility under California law?
Answer: Maintaining the property in a habitable condition
California's implied warranty of habitability requires landlords and their agents to maintain properties in safe, livable condition.