Lesson 5 Flashcards
Identify types of residential property requiring management
-
Understand the elements of residential property administration
-
Recognize the various types of commercial and industrial properties and describe their characteristics
-
Understand the special requirements of mixed use buildings
-
Identify the various types of shopping centres
-
Understand the special clauses found in shopping centre leases
-
Recognize the complexity of shopping centre management
-
Distinguish between a lease and a licence and explain the importance of the distinction
-
Distinguish between a commercial and a residential tenancy
-
Explain the major features of each type of tenancy and how these features apply to residential and commercial situations
-
Describe the type of reasons a residential landlord must give for terminating a tenancy and list a few specific examples, including termination for cause, non-payment of rent, landlord’s own use and reasonable cause
-
Describe the manner in which a residential landlord must give notice of end of tenancy and tenant’s right to dispute it
-
Describe when and how a rent increase notice is given in residential tenancies
-
Discuss the role of an arbitrator and/or a court in settling disputes
-
Explain the rights and obligations of commercial or residential landlords and tenants in respect to security deposits, repair, privacy, and assignment and subletting
-