Property Management
A Texas property manager who manages a commercial strip center must maintain records related to all of the following EXCEPT:
ATenant lease agreements
BMaintenance and repair records
CThe personal tax returns of the property owner✓ Correct
DTrust account records for collected rents
Explanation
Property managers must maintain comprehensive records related to the properties they manage—leases, maintenance records, financial accounts, vendor contracts, and trust account records. However, the property owner's personal tax returns are not records that the property manager maintains; these are the owner's private financial documents.
Related Texas Property Management Questions
- A Texas commercial property manager signs a lease with a new tenant. The lease contains a 'personal guarantee' clause. This means:
- The Texas Association of REALTORS® (TAR) provides lease forms that are widely used by Texas property managers. These forms differ from TREC promulgated forms in that TAR forms are:
- When a Texas residential tenant is the victim of domestic violence, the tenant may have rights under Texas Property Code Section 92.016 to:
- A Texas property manager responsible for a large residential community in San Antonio must follow the Texas HOA law under Property Code Chapter 209, which requires the HOA to:
- Under Texas Property Code § 92.056, a residential tenant has the right to repair and deduct if:
- In Texas, a commercial property management company is responsible for ensuring that a multi-tenant office building complies with OSHA standards for:
- A Texas property manager is asked to show a unit to a prospective tenant on Christmas Day. The manager:
- A Texas commercial tenant's lease expires and they continue to occupy the property and pay rent that the landlord accepts. This creates a:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →