A property manager is required to administer many types of leases. Which of the following leases requires the tenant to pay theMOSTexpenses?
Options:

• A.Absolute net
• B.Double net
• C.Industrial gross
• D.Triple-net (NNN)

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Which of the followingBESTdescribes an obligation of the tenant under a lease?

• A.Covenant of possession
• B.Covenant of quiet enjoyment
• C.Duty to care for the leased property
• D.Duty to disclose concealed dangerous conditions

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What is the MOST effective key performance indicator (KPI) used for measuring the cost of custodial cleaning services in a building?
Options:

• A.Cost per square foot
• B.Hourly wage rates
• C.Invoice subtotals
• D.Average hours spent cleaning one office

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A senior property manager wants to ensure members of the management team understand how a curtain wall system works. How can the senior property manager best describe thePRIMARYdistinguishing features of a curtain wall?

• A.Carries the structural load of the foundation and roof
• B.Defines the elevator shafts and fire stair tower
• C.Keeps the weather out and carries no vertical structural loads
• D.Secures the leased premises of each commercial tenant

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An office building has closed following a hurricane. The building owner faces the risk of losing income until the building can reopen for normal operation. What type of loss exposure does this represent?

• A.Direct property loss
• B.Indirect property loss
• C.Liability loss
• D.Tenant loss

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