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BOMI International RPA Capstone Experience Sample Questions:

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) Agree to the rent reduction immediately, as tenant retention is a priority.
B) Offer to reduce rent by 50% as a short-term solution to keep the tenant.
C) Suggest that the tenant vacate and find a more affordable space.
D) Consult the building's owner and review the lease agreement before responding to the tenant.

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

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

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

4. Which of the following isLEASTlikely to be collected by a property manager?

A) Operating expense increases
B) Percentage rent
C) Property tax on tenant fixtures
D) Monthly rent

5. An investment firm has hired a third-party property manager to oversee a multi-tenant building with many tenants who are delinquent in payingrent. Which of the following strategies is MOST important to ensure successful revenue collection from tenants?

A) Custom collection policy tailored to each tenant and periodic emails from the property manager
B) Referring all collections efforts to legal counsel before contacting each tenant
C) Advising the investment firm that the role of a property manager does not include rent collection
D) Uniform collection policy and persistent collection efforts by the property manager

Solutions: