PM - Chapter 5 Quiz - May 2010.doc

PM - Chapter 5 Quiz - May 2010.doc - Property Management...

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Property Management – 5th Edition Walt Huber, Arlette Lyons, and William Pivar, JD © May 2010, Educational Textbook Company Chapter 5 Quiz 1. Property where people live is commonly called: a. commercial property. b. residential property. c. family property. d. habitable property. 2. People will be encouraged to live and own property within a community where property taxes are: 3. If placed within a community, which of the following has the effect of limiting the supply of new units to existing housing and tends to reduce the vacancy factor of existing homes and raise rents? 4. In some states, the burden of providing reasonable or below-market rents is shifted from the community to individual landlords through: 5. When there is a conflict between local laws and state laws, the law that will prevail is: a. federal.
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