Property Management
A NH property manager notices a tenant has installed a dishwasher without permission, resulting in a leak that damaged the floor. The manager should:
AIgnore it since the tenant fixed it themselves
BDocument the damage, require removal of the unauthorized improvement, seek repair costs from the tenant, and address the lease violation✓ Correct
COnly fix the floor and bill the tenant later
DImmediately evict the tenant
Explanation
Unauthorized modifications and resulting damage must be documented and addressed: the improvement should be removed or authorized, the tenant billed for repair costs, and the lease violation formally addressed per the lease and NH law.
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Key Terms to Know
Earnest Money
A 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.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
State-Specific Concepts
DRE Regulation
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