Property Management
A Connecticut commercial property manager is asked to negotiate a new lease with a prospective retail tenant. Before signing, the manager should confirm that:
AThe tenant is willing to pay the highest possible rent
BThe proposed use complies with zoning regulations and the property's certificate of occupancy, and that lease terms are authorized by the management agreement✓ Correct
CThe tenant has enough social media followers
DThe tenant has no criminal history
Explanation
Before finalizing a commercial lease, the property manager must verify: (1) the proposed use complies with zoning and the certificate of occupancy, (2) the manager has authority to negotiate and execute leases per the management agreement, and (3) lease terms are consistent with the owner's instructions.
Related Connecticut Property Management Questions
- A Connecticut property management company enters into a management agreement with a property owner. The management agreement should specify all of the following EXCEPT:
- A property manager's management fee is most commonly calculated as a:
- Which type of lease requires the tenant to pay base rent plus a portion of operating expenses such as taxes, insurance, and maintenance?
- A 'triple net' (NNN) lease in Connecticut requires the tenant to pay:
- A Connecticut tenant's lease prohibits subletting. The tenant rents the unit to a roommate without landlord approval. This is:
- Which of the following is the BEST practice for a Connecticut property manager maintaining a trust account?
- Under Connecticut's 'just cause eviction' requirement, a landlord in certain municipalities may NOT evict a tenant without:
- A property manager in Connecticut who manages property for others and collects rent must hold a:
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →