Property Management
In Michigan, a property management company that specializes in 'Section 8' housing voucher tenants must:
AOnly accept tenants without vouchers in other units
BComply with HUD Housing Quality Standards for the rental units and process rent payments through the local public housing authority✓ Correct
CRegister with LARA as a Section 8 specialist
DCharge below-market rents to all tenants in the building
Explanation
Properties participating in the HUD Section 8 Housing Choice Voucher program must meet HUD Housing Quality Standards (HQS) inspections, execute HAP contracts with the local housing authority, and follow program rules for lease terms and rent determination.
Related Michigan Property Management Questions
- In Michigan, a 'tenant improvement' (TI) in commercial property refers to:
- In Michigan, a month-to-month tenancy can be terminated by either party giving how much written notice?
- A Michigan property manager's 'operating budget' for a rental property should include which of the following?
- In Michigan, when a tenant's lease term expires and they remain in possession without a new agreement, they become a:
- In Michigan, a landlord's failure to maintain a heating system in working order during winter months may constitute:
- In Michigan, a landlord must return a tenant's security deposit within how many days after the tenancy ends?
- A Michigan property management agreement should include all of the following EXCEPT:
- In Michigan, a 'property condition report' or annual inspection by a property manager serves to:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →