CAM Property Management & Leasing Operations 2

Question 1

A prospective resident applies for a unit but has a credit score of 580. The property's minimum is 620. What is the most appropriate action?

Accepted Answer

Decline the application and document the reason consistently with written criteria

Answer

Consistent application of written screening criteria protects the property from Fair Housing claims and ensures equitable treatment.

Question 2

Which lease clause protects the owner's right to enter the unit for repairs with proper notice?

Accepted Answer

Landlord access clause

Answer

A landlord access clause defines the conditions and notice requirements under which management may enter the unit.

Question 3

What is the primary purpose of a move-in inspection report signed by both the leasing agent and new resident?

Accepted Answer

To document pre-existing conditions and protect both parties on security deposit disputes

Answer

A signed move-in inspection creates a baseline record of unit condition, reducing disputes when the resident vacates.

Question 4

Occupancy rates at a 200-unit community drop from 95% to 88%. What metric should management analyze first?

Accepted Answer

Move-out reasons and traffic sources

Answer

Analyzing move-out reasons and traffic sources identifies whether the cause is pricing, maintenance, service, or marketing.

Question 5

A resident's lease expires in 30 days and they have not responded to renewal offers. Under most state laws, if they remain without signing a new lease, tenancy converts to:

Accepted Answer

A periodic tenancy (month-to-month)

Answer

When a fixed-term lease expires and the resident holds over with the landlord's implied consent, it typically converts to a month-to-month periodic tenancy.

(CAM) Certified Apartment Manager Practice Test

(CAM) Certified Apartment Manager Practice Test

CAM Property Management & Leasing Operations 2