Question

To facilitate administration of several leases it is a good idea for property managers to ________?

1) keep detailed records of all lease agreements
2) ignore lease agreements
3) increase rent without notice
4) avoid communication with tenants

Answer 1

Property managers can facilitate lease administration by maintaining detailed records of all lease agreements, ensuring organization and clarity. Avoiding complex legal jargon in leases and clearly communicating with tenants are also key practices.

Step-by-step explanation:

To facilitate the administration of several leases, it is a good idea for property managers to keep detailed records of all lease agreements. Detailed records contribute to clarity and organization, allowing for quicker reference and resolution in case of disputes or questions. Managing lease agreements involves regularly updating and reviewing the records to ensure accuracy and compliance.

These records should include all relevant details such as tenant information, lease terms, payment history, and any notices or communications. Property managers should avoid the pitfalls of poorly written agreements, which can be long, dense, and full of legal jargon, leading to confusion and potentially exacerbating stress during confrontations with tenants. Simplifying the language and maintaining clear communication with tenants are essential practices for effective property management.