Property Management Flashcards
1
Q
What are the 12 principles
A
- Honesty
- skill and due dilligence
- Terms of engagement
- avoid conflict
- Do not discriminate
- Clear communication
- Marketing material
- Client money handling
- Indemnity insurance
- Scope of obligations
- Assessment of ERV
- Lawful actions
2
Q
What is alienation
A
The right for a tenant to sublet, assign or share occupation of their demise
3
Q
Licence to Alter
A
Landlord and Tenant Act 1927
Section 19 - LL cannot unreasonably withhold consent
4
Q
Methods of debt recovery
A
CRAR
stat demand
Forfeiture
5
Q
Schedule of Dilaps
A
- Can be served at end of term of during term
- obligations set out within lease
6
Q
Break notices
A
- served in accordance with the lease
- must be good service
- post to registered office
