Property Management
In Louisiana, a property manager's 'emergency repair authorization' in a management agreement allows the manager to:
AMake any repairs regardless of cost without owner notification
BAuthorize urgent repairs up to a specified dollar limit to protect the property or tenant safety without prior owner approval, followed by prompt notification✓ Correct
CDeclare a property uninhabitable without owner consent
DHire any contractor without competitive bids
Explanation
The emergency repair provision in a management agreement allows the property manager to authorize urgent repairs (up to a specified dollar threshold) to prevent further damage or protect tenant safety — with prompt owner notification after the fact.
Related Louisiana Property Management Questions
- A 'percentage lease' in commercial real estate means the tenant pays:
- A Louisiana property manager who collects rents on behalf of the owner must:
- A Louisiana property manager who fails to deliver the security deposit or an itemized list of deductions within the legal time period after lease termination may be liable to the tenant for:
- In Louisiana commercial property management, a 'tenant estoppel certificate' is used to:
- In Louisiana, the legal process to remove a tenant for nonpayment of rent or lease violations begins with:
- A Louisiana commercial tenant on a triple net (NNN) lease is responsible for paying:
- In Louisiana, a commercial lease 'holdover' provision specifies what happens when a tenant remains in possession after the lease term. Without such a clause, a holdover tenancy in Louisiana typically becomes:
- In Louisiana, a 'rent-to-own' or 'lease-purchase' agreement gives the tenant:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →