Delaware Property Management
Practice Questions & Answers (2026)
Property management questions on the Delaware exam cover both the practical aspects of managing rental properties and the landlord-tenant law specific to Delaware. The Delaware Real Estate Commission tests security deposit limits, required notice periods for entry and termination, habitability standards, and the property manager's fiduciary duties. Delaware's landlord-tenant law has specific provisions — including notice requirements and tenant protections — that differ from what national study materials cover. These questions often involve scenarios where a property manager must navigate competing obligations to the owner-client and the tenant.
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Delaware Property Management — Practice Questions & Answers
129 questions on Property Management from the Delaware real estate question bank. First 10 are free — sign up to unlock all 129.
Q1. A Delaware property manager who negotiates leases on behalf of an owner for compensation must:
Explanation
In Delaware, managing property and negotiating leases for compensation on behalf of an owner constitutes a real estate activity requiring a Delaware real estate license.
Q2. The document that establishes the relationship between a property owner and a property manager is the:
Explanation
The property management agreement is the contract between the owner and the property manager that defines duties, authority, compensation, and the scope of the management relationship.
Q3. Security deposits collected in Delaware must be:
Explanation
Delaware law requires security deposits to be held in a separate escrow account, segregated from operating funds, to protect tenant funds.
Q4. In Delaware, the maximum security deposit a residential landlord can collect from a new tenant is:
Explanation
Under the Delaware Residential Landlord-Tenant Code, the maximum security deposit for a new tenant is equal to one month's rent for the first year of tenancy; after one year, additional deposits cannot be demanded.
Q5. The Delaware Residential Landlord-Tenant Code requires a landlord to return a tenant's security deposit within:
Explanation
Delaware law requires landlords to return a tenant's security deposit, with an itemized statement of deductions, within 20 days after the tenancy ends and the tenant vacates.
Q6. A gross lease is one where the tenant pays:
Explanation
In a gross (or full-service) lease, the tenant pays a fixed base rent and the landlord is responsible for paying operating expenses such as taxes, insurance, and maintenance.
Q7. A net lease requires the tenant to pay:
Explanation
In a net lease, the tenant pays base rent plus some or all of the property's operating expenses (taxes, insurance, maintenance). Triple net (NNN) leases require payment of all three expense categories.
Q8. The primary duty of a property manager to the owner is to:
Explanation
The property manager's primary duty to the owner is to achieve the owner's stated investment goals—typically maximizing net income and property value—while maintaining the property properly.
Q9. Which type of lease is most commonly used in retail properties and is based partly on the tenant's sales revenue?
Explanation
A percentage lease, common in retail properties, requires the tenant to pay a base rent plus a percentage of their gross sales above a breakpoint, aligning the landlord's income with the tenant's success.
Q10. Constructive eviction occurs when:
Explanation
Constructive eviction occurs when the landlord's actions or failure to act makes the premises uninhabitable, effectively forcing the tenant to leave even without a formal eviction proceeding.
Q11. A Delaware landlord's right to enter a rental unit for non-emergency repairs requires giving the tenant how much notice?
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