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NEW QUESTION # 80
The partnership plans to address the requirements to return the asset to its former position in the marketplace. What is the FIRST step to help achieve this goal?
Options:
Answer: C
NEW QUESTION # 81
A light was reported out of service to the newly assigned property management team in an office building.
Immediately, the new building manager realized there was no systematic way to handle work order requests.
The primary nature of the policy that is needed isBESTcharacterized by which of the following statements?
Answer: B
Explanation:
The primary goal of a work order policy is to ensuretimely completionof service requests. This guarantees that any reported issues, such as a light being out of service, are addressed efficiently and promptly. The policy should focus on the timely management of these tasks to maintain operational effectiveness.
NEW QUESTION # 82
A property manager is using multiple approaches to develop a capital plan. The property manager is considering replacement of existing equipment, repair of building components, and building upgrades. Which is theMOSTcomprehensive approach to this task?
Answer: B
Explanation:
Lifecycle costing (LCC)is the most comprehensive approach as it evaluates the total cost of ownership of an asset-including acquisition, operation, maintenance, and disposal. It helps property managers make informed capital planning decisions by comparing long-term costs across various options such as repair, replacement, or upgrades.
NEW QUESTION # 83
Which of the following is required under the Americans with Disabilities Act (ADA) for a commercial building?
Answer: D
NEW QUESTION # 84
A property manager is required to administer many types of leases. Which of the following leases requires the tenant to pay theMOSTexpenses?
Options:
Answer: D
Explanation:
Anabsolute net leaserequires the tenant to payallexpenses associated with the property - including property taxes, insurance, maintenance, repairs, and sometimes even structural repairs or roof replacement. This is more extensive than a triple-net (NNN) lease, where the tenant pays taxes, insurance, and maintenance, but not necessarily major capital expenses.
NEW QUESTION # 85
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