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BOMI International RPA Capstone Experience Sample Questions (Q77-Q82):

NEW QUESTION # 77
A property manager is required to administer many types of leases. Which of the following leases requires the tenant to pay theMOSTexpenses?
Options:

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

Answer: B

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 # 78
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. Advising the investment firm that the role of a property manager does not include rent collection
C. Referring all collections efforts to legal counsel before contacting each tenant
D. Uniform collection policy and persistent collection efforts by the property manager

Answer: D

NEW QUESTION # 79
Which of the following entities isMOSTlikely to be omitted from a standard property insurance policy?

A. The named insured
B. The property manager
C. Adjacent property owners
D. Mortgagees

Answer: C

Explanation:
Astandard property insurance policytypically covers thenamed insured(the property owner),mortgagees, andproperty managersif they are added as additional insureds.Adjacent property ownersare less likely to be included in the policy unless specifically added, as they have no direct ownership or stake in the insured property.

NEW QUESTION # 80
An incoming tenant wants to lease an existing vacant building and construct a new building that is virtually identical in size, interior layout, and exterior design to the existing structure. What is theBESTmethod for expedited project delivery of this new building?

A. Design-build
B. Multiple prime contracts
C. Design-bid-build
D. Construction management-at-risk

Answer: A

Explanation:
Thedesign-buildmethod is thebestoption for expedited project delivery because it combines both design and construction responsibilities under one contract. This streamlines the process and can lead to faster completion, especially when the new building is designed to mirror an existing structure.

NEW QUESTION # 81
The building owner wants to profit $150,000 annually on the prospective lease. What is the minimum lease rate required to meet the owner's objectives?
Options:

A. $14.51 per square foot
B. $13.00 per square foot
C. $15.14 per square foot
D. $7.14 per square foot

Answer: C

Explanation:
Information from the scenario:
* Operating cost = $8.00 per square foot
* Tenant requests = 21,000 rentable square feet
* Desired profit = $150,000 annually
Step-by-Step Calculation:
LetXbe the required lease rate per square foot.
We want:
A math equations with numbers and lines AI-generated content may be incorrect.

NEW QUESTION # 82
......

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