Georgia Property Management
Practice Questions & Answers (2026)
Property management questions on the Georgia exam cover both the practical aspects of managing rental properties and the landlord-tenant law specific to Georgia. The Georgia Real Estate Commission (GREC) tests security deposit limits, required notice periods for entry and termination, habitability standards, and the property manager's fiduciary duties. Georgia'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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Georgia Property Management — Practice Questions & Answers
128 questions on Property Management from the Georgia real estate question bank. First 10 are free — sign up to unlock all 128.
Q1. A property manager's primary duty is to:
Explanation
A property manager is a fiduciary for the property owner and has the primary duty to manage the property in a way that achieves the owner's stated goals, typically maximizing net operating income and return on investment.
Q2. A management agreement between an owner and a property manager is what type of agency relationship?
Explanation
A property manager typically has a general agency relationship with the owner — they have ongoing authority to manage the property on the owner's behalf over a period of time, not just for a single transaction.
Q3. In Georgia, a property manager who collects rents and security deposits for others must:
Explanation
In Georgia, collecting rents or security deposits from third parties for compensation constitutes a real estate activity requiring a broker's license or the person must work under a licensed broker.
Q4. Gross leases require the tenant to pay:
Explanation
In a gross lease, the tenant pays a single fixed rent amount and the landlord covers all operating expenses including taxes, insurance, and maintenance.
Q5. A triple-net lease (NNN) requires the tenant to pay:
Explanation
A triple-net (NNN) lease requires the tenant to pay the base rent plus all three 'nets': property taxes, building insurance, and maintenance/operating expenses.
Q6. In Georgia, what is the maximum amount a residential landlord may collect as a security deposit under the Georgia Landlord-Tenant Act?
Explanation
Georgia law does not impose a statutory cap on security deposits for residential rentals. The amount is negotiable between landlord and tenant.
Q7. Under Georgia's Landlord-Tenant Act, a landlord must return a security deposit within how many days after the tenant vacates?
Explanation
Georgia law (O.C.G.A. § 44-7-34) requires landlords to return the security deposit (or provide an itemized statement of deductions) within 30 days after the tenant vacates the premises.
Q8. What is the term for a tenant who remains in possession after their lease expires without the landlord's permission?
Explanation
A holdover tenant (tenant at sufferance) is one who remains in possession after their lease has expired without the landlord's consent. The landlord may evict or choose to accept rent and create a new tenancy.
Q9. A percentage lease, often used in retail settings, requires the tenant to pay rent based on:
Explanation
A percentage lease requires the tenant to pay a minimum base rent plus a percentage of their gross sales above a specified breakpoint — common in shopping centers.
Q10. Effective gross income (EGI) for a rental property is calculated as:
Explanation
EGI = Gross Potential Income (GPI) − Vacancy and Collection Losses + Other Income (such as laundry or parking fees).
Q11. A net operating income (NOI) is calculated as:
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