Preview Questions Property Manager | Role Specific Skill

Question 1: What is the legal obligation of a property manager regarding the maintenance of fire safety systems in multi-family buildings?

Which action should you take?

Choose only one option

Rely on tenant responsibility for ensuring their own fire safety equipment

Perform an annual inspection but skip testing of fire alarms

Ensure the fire alarm systems are regularly tested and serviced according to local regulations

Only inspect fire safety systems if tenant complaints are reported

Question 2: When managing a lease agreement for a multi-tenant industrial building, how do you handle common area maintenance (CAM) charges to avoid tenant disputes?

Which action should you take?

Choose only one option

Exclude CAM fees for industrial tenants entirely

Charge a flat fee to all tenants for common area maintenance

Let tenants negotiate CAM charges annually

Clearly allocate CAM charges based on tenant square footage and usage

Question 3: Which of the following should be considered when choosing between preventive and predictive maintenance?

Which action should you take?

Choose only one option

Market conditions

Frequency of service interruptions

Building age and wear rate

Availability of budget funds

Question 4: When analyzing a property's financial viability, which of the following is the most critical factor?

Which action should you take?

Choose only one option

Occupancy rates

Total square footage

Market trends and comparable property analysis

Gross rent revenue

Question 5: How should a Property Manager address a situation where a tenant disputes a rent increase outlined in their lease agreement?

Which action should you take?

Choose only one option

Review the lease terms and consult with the tenant to clarify the increase

Increase the rent further to make up for the dispute

Ignore the dispute and proceed with the increase anyway

Immediately evict the tenant for non-payment

Question 6: How should a Property Manager handle emergency maintenance issues during non-business hours?

Which action should you take?

Choose only one option

Direct tenants to handle emergencies themselves

Delay the response until all issues are consolidated

Wait until business hours to address the issue

Ensure 24/7 access to an emergency response team or contractor