Property Management
The management fee structure for a Louisiana commercial property is typically based on:
AA flat monthly fee regardless of occupancy
BA percentage of gross collected rents, often between 3-6%✓ Correct
CThe number of tenants in the building
DThe appraised value of the property
Explanation
Commercial property management fees in Louisiana are commonly structured as a percentage of gross collected rents, typically ranging from 3-6% depending on the property type and management responsibilities.
Related Louisiana Property Management Questions
- A property manager's fiduciary duty to the property owner includes which of the following?
- In Louisiana, 'deferred maintenance' on a managed property refers to:
- The 'operating expense ratio' (OER) for a Louisiana property is:
- 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:
- Under Louisiana law, if a landlord fails to return a security deposit within 30 days of the tenant vacating without good cause:
- A triple net (NNN) lease requires the tenant to pay:
- An 'operating expense ratio' (OER) for a rental property is calculated as:
- The management agreement between a property owner and a property manager should include all of the following EXCEPT:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →