level: Property Management & Leasing
Questions and Answers List
level questions: Property Management & Leasing
| Question | Answer |
|---|---|
| property manager 3 resposibilities | achieve objectives of owners, generate income for owners, and preserve/increase the value of the property |
| management agreement | contract creating a general agency relationship between the owner and the property manager |
| property manager | individual or a company acts as the general agent of the investment property owner |
| environmental concerns of property manager | disposal of hazardous waste, lead paint diclosure, building related illness, and sick building syndrome |
| risk management | ways to manage risk are to avoid it, to control it, to shift or transfer it, or to retain it |