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Ch 13: Leasing & Property Management

About This Chapter

Further develop your knowledge of leasing and property management with this overview that includes different types of leases, tenant rights, and a lot more. These concise lessons are a handy resource for individuals prepping for an exam or expanding their professional skills.

Leasing & Property Management - Chapter Summary

Master topics related to leasing and property management, such as lease inclusions and disclosure issues pertaining to a landlord's legal rights. There's also a lesson that covers the responsibilities of tenants and landlords in residential rental properties. After completing the chapter, you should feel confident and ready to:

  • Discuss the responsibilities of a property manager
  • Recall liabilities of a property owner
  • List different types of commercial and residential leases
  • Describe provisions found in commercial leases
  • Provide a definition for warranty of habitability
  • Detail the rights of tenants when leasing a property
  • Explain how lease rates are established

Our mobile-friendly learning platform offers flexibility because you can study from anywhere. Each lesson is accompanied by a brief quiz to assess how much you know about leasing and property management. You can also print the quiz in worksheet form to use as a study guide.

7 Lessons in Chapter 13: Leasing & Property Management
Test your knowledge with a 30-question chapter practice test
Property Management: Overview & Role

1. Property Management: Overview & Role

A professional or a business that deal with the day to day responsibility of real estate is called a property manager. In this lesson, we will explore the role of a property manager in real estate.

The Role of Property Management in Real Estate

2. The Role of Property Management in Real Estate

In this lesson, you'll learn about the role of property management in real estate and the obligations, duties, and liabilities of both the property manager and the owner. You'll also learn how to calculate a property management fee.

Types of Leases in Real Estate

3. Types of Leases in Real Estate

A contract between a landlord and a tenant is a lease. In this lesson, you'll learn about different types of leases in typical real estate transactions including residential leases and commercial leases. A short quiz follows.

Residential & Commercial Lease Provisions

4. Residential & Commercial Lease Provisions

Real estate leases outline the rights and responsibilities of landlords and tenants in both residential and commercial rental properties. In this lesson, you'll learn about common provisions that are found in residential and commercial leases.

Landlord Rights & Responsibilities

5. Landlord Rights & Responsibilities

In this lesson, we will explore a landlord's legal rights and responsibilities in regard to their rental properties and tenants. We will discuss warranty of habitability, disclosure issues and lease inclusions.

Tenant Rights & Responsibilities

6. Tenant Rights & Responsibilities

Tenants enjoy a number of rights and responsibilities when they lease a property. Let's look at some of these common entitlements and obligations to see what tenants can legally expect when working with their landlords.

Property Management: Setting Rents & Lease Rates

7. Property Management: Setting Rents & Lease Rates

Property managers weight several factors when deciding on the right rent to charge for a leased apartment. Some factors include market value, competition, and cost of paying off the mortgage.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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