Property Management
A property manager who discovers a tenant has sublet the unit without the landlord's permission should:
AImmediately file an eviction lawsuit
BNotify the owner and review the lease terms to determine the appropriate remedy✓ Correct
CAccept rent from the subtenant to mitigate any losses
DContact TREC to report the unauthorized sublease
Explanation
Upon discovering an unauthorized sublease, the property manager should immediately notify the owner and review the lease agreement. The appropriate remedy depends on the lease terms and the owner's preferences, and may range from curing the violation to initiating eviction proceedings.
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Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Math Concepts
State-Specific Concepts
TREC Regulation
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