Last Updated: Jun 02, 2026
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1. A tenant in a multi-tenant office building is requesting a reduction in rent due to financial hardships. The tenant has been leasing space in the building for five years. Which of the following is the most appropriate first step for the property manager to take?
A) Consult the building's owner and review the lease agreement before responding to the tenant.
B) Agree to the rent reduction immediately, as tenant retention is a priority.
C) Suggest that the tenant vacate and find a more affordable space.
D) Offer to reduce rent by 50% as a short-term solution to keep the tenant.
2. Which of the following is LEAST likely to be an asset manager's responsibility?
A) Drafting preventative maintenance schedules
B) Making property financing recommendations
C) Developing an asset plan
D) Overseeing property managers
3. A property manager needs to select a new vendor for landscaping services for a high-rise office building.
Which of the following should be the property manager's primary criteria when evaluating the vendor?
A) The vendor's history of providing landscaping services to similar buildings.
B) The vendor's willingness to offer discounts for long-term contracts.
C) The vendor's compliance with the building's sustainability goals.
D) The vendor's ability to provide the lowest cost estimate.
4. The building maintenance staff is scheduled to perform routine preventive maintenance on the cooling tower motors. Which function is the technicianMOSTlikely to be trained on before the work can begin?
A) Properly grounding equipment
B) Disassembling the motor housing
C) Locking-out and tagging-out the equipment
D) Draining the cooling tower basin
5. A property manager must prepare the annual budget to review current rents, increases, and lease expiration dates. As the property manager, they want to prepare the budget by looking up tenant names, suite numbers, square footage, and other physical details. Which document should the manager use to compare information with an easy-to-read overview of the property and its tenants?
A) Rent roll
B) Pro forma
C) Vacancy report
D) Delinquency report
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: A |
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