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Chapter 18 - Principles II

Pioneer School of Real Estate
Horizontales
__ management is also known as common area maintenance.
The property manager is responsible for obtaining adequate __ to cover property as well as liability against lawsuits.
Regulations regarding the collection, handling, and return of security deposits by landlords are addressed in the Texas Property __.
As part of the __ bylaws, a board is established to ultimately oversee the management.
The Service Members Civil Relief Act allows military personnel to cancel a lease without penalty or loss of deposit if it is due to a military__ .
Deposits collected from __ must be kept in a separate bank account.
On-site __ will sometimes have the option of occupying a unit in the apartment complex at either zero or reduced rent.
Verticales
Leases for __ are typically for a length of one year with rent payments collected on a monthly basis.
Property managers initiate and oversee the __ process for non-compliant or delinquent tenants in accordance with the law.
Leasing is what happens up to the point the lease is signed, and __ management is what happens after the lease is signed by the landlord and tenant.
__ is generally responsible for access and building security for larger office buildings.
For office building tenants, the amount of utility expense to be incurred by the tenant is typically figured into the lease payment based on __ footage.
Property managers develop and manage budgets for the property, including operating __, maintenance costs, and capital improvements.
When the management of a shopping center is considering lease terms and attracting tenants, it is advantageous to create a good __ mix.