Property Management
A Kansas apartment complex with 20 units must comply with which Fair Housing requirement regarding accessibility?
AAll units must be fully wheelchair accessible
BAll ground-floor units and those accessible by elevator must meet accessibility design requirements for new construction✓ Correct
COnly 5% of units need to be accessible
DAccessibility requirements only apply to buildings with 50+ units
Explanation
The Fair Housing Act requires that multifamily housing with 4 or more units built after March 1991 include accessible design features, particularly for ground-floor and elevator-accessible units.
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Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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