There are many differences between residential property and commercial property that affect their management. All of the following statements about the differences are correct, except:
a. Residential leases generally have longer terms
b. Residential properties are more likely to require round-the-clock management
c. Residential property managers (and/or their staff) typically have to spend a greater proportion of their time on marketing and leasing
d. Residential tenancies are generally subject to many more landlord-tenant law requirements

Question

02-07-2024
Business

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There are many differences between residential property and commercial property that affect their management. All of the following statements about the differences are correct, except:
a. Residential leases generally have longer terms
b. Residential properties are more likely to require round-the-clock management
c. Residential property managers (and/or their staff) typically have to spend a greater proportion of their time on marketing and leasing
d. Residential tenancies are generally subject to many more landlord-tenant law requirements

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