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Week 1 Terminologies Flashcards | StudBud
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Week 1 Terminologies
Week 1 Terminologies
22 terms
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1
A person who is charged with the upkeep and management of a property on behalf of the owner
Tradesperson
Property Manager
Assistant Property Manager
Property Management
2
A report that records the condition of the property at the start of the tenancy
Routine Report
Exit Condition Report
Condition Report
Entry Condition Report
3
Final stage of the sale when the purchaser completes the payment of the contract price to the vendor
Settlement
Survey
Rates
Settlement Date
4
Parts of a property affixed to structures or land and they cannot be independently moved without damage
Fittings
Structure
Pool
Fixtures
5
A form used when the lessor is giving notice to the tenant/s to vacate the property
NTL
Entry Notice
NITL
Form 6
6
Provides assistance in rental arrangements, bond payments, resolving conflicts, conducting inquiries and legal action
Queensland Civil and Administrative Tribunal
Property Manager
Residential Tanancies Agreement
Residential Tenancies Authority
7
RTA means Residential Tenancies Agreement
True
False
8
The period of the lease
Lease Term
Lease Agreement
Lease Extension
Lease End
9
Installed items that may be removed from property without causing irreparable damage
Fittings
Appliances
Furnitures
Fixtures
10
A person who owns the property
Tenant
Landlord
Property Management
Property Manager
11
A body corporate is a legal entity is created when land is subdivided and registered under Land Title Act 1994
True
False
12
What are routine inspections?
Inspection done by a tradie
Inspection to check that tenant is keeping the property in good condition
Inspection done by the landlord
Inspection done to check if tenant is still at the property
13
Property intended for use by all types of retail and wholesale store, office building, hotel and service establishment
Common Property
Public Property
Commercial Property
Private Property
14
A form used when the tenant will give to the lessor if they want to vacate the property
Form 9
NITL
NTL
Vacate Checklist
15
An agreement extending or renewing the terms of a lease for a period beyond the expiration date
Extension of sublease
Tenancy Agreement
Extension of Lease
Lease Agreement
16
An individual that has a lawful right to occupy a property for a specified period of time
Property Manager
Tenant
Tradie
Landlord
17
What does BCC stands for?
Brisbane City Council
Brisbane Contract Center
Brisbane City Contract
Brisbance City Contract
18
A tradie is a skilled worker that specializes in a particular trade
True
False
19
In Australia, the term means an opinion of the salability of a residential property by a licensed Real Estate Agent
Appraisal
Valuation
Appreciation
Proposal
20
What is Form 18A?
General Tenancy Agreement
General Tenancy Authority
Entry Notice
Pet Application
21
An account where money is held by an agent on behalf of the owner
Checking Account
Trust Account
Bank Account
Deposit Account
22
Rental Property refers to homes that are purchased by an investor and inhabited by tenants on lease
False
True
