Real Estate Property Management 3

Question 1

Under the Americans with Disabilities Act (ADA), commercial property owners must provide:

Accepted Answer

Reasonable accommodations and accessible facilities for people with disabilities

Answer

Free parking for disabled employees

Answer

Reduced rent for disabled tenants

Answer

Dedicated residential units

Question 2

A property management agreement must include:

Accepted Answer

The scope of authority, management fee, and duration of the agreement

Answer

A guarantee of occupancy

Answer

The tenant's social security number

Answer

Mortgage payment details

Question 3

A landlord may legally use information from a rental application to:

Accepted Answer

Screen for creditworthiness, rental history, and income verification

Answer

Deny applicants from protected classes

Answer

Share with other landlords freely

Answer

Discriminate based on disability

Question 4

The implied warranty of habitability requires landlords to:

Accepted Answer

Maintain the premises in a safe, sanitary, and livable condition

Answer

Provide luxury amenities

Answer

Guarantee no vacancies

Answer

Provide rent-free living during repairs

Question 5

A lease renewal option gives the tenant the:

Accepted Answer

Right to extend the lease for an additional term at pre-agreed terms

Answer

Right to purchase the property

Answer

Right to sublease without permission

Answer

Automatic rent reduction at renewal

Question 6

What is the key difference between subletting and assigning a lease?

Accepted Answer

In an assignment, the original tenant transfers all remaining lease rights; in a sublease, the original tenant retains obligations and collects rent from the subtenant

Answer

Subletting transfers all rights permanently; assignment is temporary

Answer

There is no legal difference

Answer

Subletting requires landlord approval; assignment does not