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1. Which of the following options MOST accurately describes industry best practices for maintenance programs?
A) Follow in-house maintenance procedures, schedule property inspections on an ad hoc basis, and maintain written records in any format they choose.
B) Follow third-party vendor-recommended maintenance procedures, schedule periodic inspections, and maintain cursory notes of maintenance procedures.
C) Follow local building code, periodically inspect the property, and contact the asset manager if there are problems.
D) Follow manufacturer-recommended preventive maintenance procedures, schedule regular inspections, and maintain written records.
2. According to the new Building Owners and Managers Association (BOMA) system of space measurement, which of the following items on the vacant floor are considered building common and prorated to all tenants?
Options:
A) 20,000 square feet of raised flooring
B) 21,000 square feet of secured data room
C) 30,000 square feet of vacant space
D) 2,000 square feet of restrooms
3. A property manager is reporting on monthly variances to the asset manager of an office building. The annual budget for custodial expenses is $660,000. Lastmonth, custodial expenses were $61,000. What is the variance against the budget?
A) Positive variance of $6,000
B) Negative variance of $599,000
C) Positive variance of $599,000
D) Negative variance of $6,000
4. A tenant in a multi-story, multi-tenant office building has requested dock access for furniture moving. Which item should the property manager request of the tenant's contractor before work begins?
A) Right of entry
B) Performance bond
C) Certificate of insurance (COI)
D) Waiver of restoration
5. What is the name of the report the property manager should review monthly in order to verify that all tenants have fully paid and have zero account balances?
A) Rent roll
B) Delinquency report
C) Income statement
D) Vacancy report
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |
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