Property Management
A Washington commercial property manager receives a tenant's request to assign their lease to a new business. The property manager should first:
AAccept the assignment automatically if the incoming tenant has good credit
BReview the lease assignment provisions and get the owner's approval✓ Correct
CReject the assignment because subleases and assignments are always prohibited
DContact the DOL for assignment approval
Explanation
Commercial lease assignments require review of the lease's assignment provisions and the owner's approval. The property manager acts as agent for the owner and must obtain the owner's consent (as required by the lease) before approving any assignment.
Related Washington Property Management Questions
- A Washington commercial property leases office space under a gross modified lease. Under this arrangement:
- A Washington property manager who manages a 100+ unit apartment complex should implement which practice to optimize tenant retention?
- Washington's Rental Assistance programs during the COVID-19 pandemic were administered through:
- A Washington residential tenant suffers an injury on the rental property due to a hazard the landlord knew about but failed to fix. The landlord's liability is governed by:
- A Washington residential property manager receives a security deposit for $2,800 at the beginning of a tenancy. The manager must deposit these funds into:
- A Spokane commercial landlord wants to include a percentage rent clause in a retail lease. This type of clause requires the tenant to pay:
- A Washington property management company manages a building with a known mold problem. The management company fails to disclose this to a prospective tenant. The tenant later becomes ill. The management company may be liable for:
- A commercial property manager in Bellevue is negotiating a lease for office space. The tenant wants a gross lease. Under a gross lease structure, who pays operating expenses?
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →