Asset Manager - answer✔✔Analyze.
Advise. Asset acquisition, renovation, sale decisions affect owner's portfolio affect asset's price
or expected return. Property investment values or expected returns. Hiring property manager.
Maintenance and prop conditions
Property Managers - answer✔✔The day to day operations of the assets.
Rent collection, marketing and tenant administration, property maintance and insurance,
accounting operations
Creating Cash Flow through management of r. e. - answer✔✔1. Focusing on the objective of
generating income and eliminating excess expenses
2. Understanding the target market thereby making occupancy and rent levels maximized
3. Responding to changes in market conditions by making physical renovations and repostioning
properties
Relations with space users involve - answer✔✔1. Tenant selection policy
2. Tenant relations program
3. Rent collection program
Risk Man. through insurance contracts and programs
Statue of Frauds - answer✔✔1677. All contracts for sale of land must be in writing
Leased fee estate - answer✔✔owner's rights (landlord)
leasehold estate - answer✔✔tenant's right
Residential Leases Provisions - answer✔✔1. Possession and use of property
2. Maintenance and Repairs
3.Lessors' right of entry
4. Lesses' right of assign and sublet
Assignment - answer✔✔Transfers the lessees' rights to new lessees. Original tenant remains
liable unless released by landlord.
Sublet - answer✔✔The sale of part of the lessees' rights. The original lessees become lessors and
the parties now have a sandwich leasehold.
Commercial Property Leases : First net in Net Lease - answer✔✔Pay property taxes
2nd Net in Net Net Commercial Lease - answer✔✔Pay property tax and insurance
Net Net Net Lease = Tri Net = Absolutely Net - answer✔✔Real Estate taxes, maintenance,
insurance
Shopping Center Lease - answer✔✔Most Complex
Ground Lease - answer✔✔20 to 99 years. Usually triple net
Property Value = - answer✔✔Property Value = Value of leased fee interest + Value of leasehold
interest
If Market Rent > Lease Contract Rents ... then - answer✔✔Tenant possesses valuable leasehold
interest
The promotion and marketing of space to neighboring users is termed: - answer✔✔Concentric
marketing
The development of a recognizable logo which ties all advertising and promotional material
together is an example of what the text calls: - answer✔✔thematic image marketing
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