CRM Tenant Relations & Leasing 2

Question 1

A prospective tenant asks if the property is in a flood zone. What is the property manager's best course of action?

Accepted Answer

Provide accurate flood zone information and direct them to FEMA resources

Answer

Property managers must disclose material facts, including flood zone status, and can refer prospects to authoritative sources like FEMA flood maps.

Question 2

Which lease clause protects a landlord if a tenant installs unauthorized alterations to the unit?

Accepted Answer

Restoration clause

Answer

A restoration clause requires the tenant to return the unit to its original condition, protecting the landlord from costs associated with unauthorized alterations.

Question 3

Under the Americans with Disabilities Act (ADA), which residential property type is most directly covered regarding accessible common areas?

Accepted Answer

Multifamily housing with 4+ units built after March 1991

Answer

The Fair Housing Act requires that multifamily dwellings with 4 or more units built for first occupancy after March 13, 1991 meet accessibility design standards.

Question 4

A tenant on a month-to-month lease wants to terminate. How much advance notice is typically required from the tenant in most US states?

Accepted Answer

30 days

Answer

Most US states require a month-to-month tenant to provide 30 days written notice to terminate, though state laws vary.

Question 5

What is the primary purpose of a co-signer on a residential lease agreement?

Accepted Answer

To provide additional security by guaranteeing rent if the tenant defaults

Answer

A co-signer (guarantor) is financially responsible for rent and damages if the primary tenant fails to meet lease obligations, reducing the landlord's risk.

(CRM) Certified Residential Manager Practice Test

(CRM) Certified Residential Manager Practice Test

CRM Tenant Relations & Leasing 2