NAHP Lease Administration & Enforcement 2

Question 1

What does a 'cure or quit' notice require of a tenant?

Accepted Answer

The tenant must correct a specific lease violation within a set time period or vacate

Answer

A cure or quit notice gives the tenant a specific time period to remedy an identified lease violation; failure to cure requires them to vacate or face eviction.

Question 2

In affordable housing property management, 'lease-up' refers to which of the following?

Accepted Answer

The process of marketing and filling vacant units to reach target occupancy

Answer

Lease-up is the marketing and leasing process used to fill vacant units in a new or repositioned property until full or target occupancy is achieved.

Question 3

What is the key distinction between a fixed-term lease and a month-to-month rental agreement?

Accepted Answer

A fixed-term lease binds both parties for a defined period, while month-to-month agreements renew automatically each month

Answer

A fixed-term lease (e.g., one year) locks in the tenancy for a specified period, while a month-to-month agreement automatically renews each month until either party provides notice to terminate.

Question 4

Which of the following is a permissible basis for denying lease renewal in a LIHTC property?

Accepted Answer

The tenant has repeatedly violated documented lease terms

Answer

Repeated, documented lease violations constitute a legitimate, non-discriminatory basis for refusing renewal, provided violations and notices are thoroughly documented.

Question 5

What is the primary purpose of conducting a move-in inspection in lease administration?

Accepted Answer

To document the unit's pre-existing condition before the tenant takes possession

Answer

Move-in inspections create a baseline record of the unit's condition so that, at move-out, tenant-caused damage can be distinguished from normal wear and tear.

(NAHP) National Affordable Housing Professional Practice Test

(NAHP) National Affordable Housing Professional Practice Test

NAHP Lease Administration & Enforcement 2