CAP-2101-20 Training Materials & CAP-2101-20 Exam Torrent & CAP-2101-20 Study Guide

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BOMI International RPA Capstone Experience Sample Questions (Q70-Q75):

NEW QUESTION # 70
An asset manager has been assigned the task of reviewing lease agreements for a portfolio of buildings that a client may acquire. All buildings are multi-tenant properties with low vacancy rates. What process should the asset manager use to verify tenant lease information and identify lease modifications that may impact acquisition price and transaction risk?

A. Pro forma
B. Lease abstracting
C. Appraisal
D. Asset management plan

Answer: B

NEW QUESTION # 71
According to the new Building Owners and Managers Association (BOMA) system of space measurement, which of the following items on the vacant floor are considered building common and prorated to all tenants?
Options:

A. 20,000 square feet of raised flooring
B. 21,000 square feet of secured data room
C. 2,000 square feet of restrooms
D. 30,000 square feet of vacant space

Answer: C

Explanation:
Under theBOMA standard,"building common areas"are spaces that:
* Serve all tenants (e.g., lobbies, public corridors, restrooms),
* Arenotusable solely by one tenant, and
* Areprorated across all tenantsbased on rentable square footage.
Let's analyze each option:
* A. 2,000 square feet of restrooms#Correct.Restrooms arebuilding common areasand shared by all tenants. BOMA defines such areas as common and therefore prorated.

NEW QUESTION # 72
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. Industrial gross
D. Absolute net

Answer: D

Explanation:
Anabsolute net leaserequires the tenant to payallexpenses associated with the property - including property taxes, insurance, maintenance, repairs, and sometimes even structural repairs or roof replacement. This is more extensive than a triple-net (NNN) lease, where the tenant pays taxes, insurance, and maintenance, but not necessarily major capital expenses.

NEW QUESTION # 73
Which of the following is theMOSTfundamental requirement for developing the annual property budget?

A. Reviewing all leases to ensure accurate revenue input
B. Understanding the owner's long-term and short-term objectives
C. Choosing between the cash and accrual method
D. Using a zero-based budget approach

Answer: B

Explanation:
Themost fundamentalstep in developing an annual property budget is to understand theowner's goals and objectives. These priorities guide all financial planning decisions, including budgeting for expenses, capital improvements, and revenue strategies. Without this understanding, the budget may misalign with ownership's expectations.

NEW QUESTION # 74
In reviewing the due diligence information, the property manager notices that tenants are on a variety of lease types. Which is the MOST effective approach for the property manager with respect to the current leases?

A. Hire an attorney to write a special lease rider to make leases uniform.
B. Adhere to the terms in the current leases.
C. Require each tenant to sign a new lease from the new owner to create conformity.
D. Review leases with each tenant and explain that the property now has a triple-net (NNN) lease structure.

Answer: B

Explanation:
Analysis:
FromScenario 2, we know:
* The building was recently acquired.
* There area variety of lease typesin place.
* The new ownerprefersto move toward atriple-net (NNN) lease structure.
However, leases arelegally binding contracts, and:
* Youcannot unilaterally changeexisting lease terms.
* Tenantsare not obligatedto sign a new lease or agree to changes unless the lease allows it.
Best (and most legally sound) approach:
A: Adhere to the terms in the current leases-This respects existing agreements and avoids legal issues. Any changes must happen atrenewal timeor throughmutual agreement.

NEW QUESTION # 75
......

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CAP-2101-20 Training Materials & CAP-2101-20 Exam Torrent & CAP-2101-20 Study Guide

Pass Guaranteed CAP-2101-20 - RPA Capstone Experience Latest Exam Outline

BOMI International RPA Capstone Experience Sample Questions (Q70-Q75):

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