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Lease Property & Converting Management Properties

Assignment Task

Task

1. A property manager must implement systems that address:

a. aiding with financial planning for tenant

b. specific areas of risk relating to property management

c. converting management properties into sale properties for the agency

2. If an agent manages a rental property on behalf of an owner for 6 months, the maximum letting fee the agent can charge is:

a. 1 week’s rent

b. 75% of 1 week’s rent

c. 50% of 1 week’s rent

d. fees are negotiable

3. It is important to screen tenant enquiries because you will…

a. find out exactly what the tenant requires and or wants

b. be able to match prospective tenants to available premises efficiently and effectively

c. be able assess an individual’s suitability for tenancy

d. all of the above

4. To assist a property manager in determining whether a tenant is suitable for tenancy, they can access electronic residential tenancy databases at TICA.

a. true

b. false

5. Keeping accurate records and documents will assist:

a. you at your employee review each year and may help you achieve a pay rise

b. in showing the lessor how hard you work

c. in providing evidence should a dispute arise during the term of the tenancy or residential service agreement or at the end of the agreeme

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