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BOMI International RPA Capstone Experience Sample Questions:

1. A building owner is preparing space for a new tenant and has selected a preferred contractor. The property manager received an estimate for the construction, agreed on the overhead and profit, and settled on a construction cost. WhichBESTdescribes the process followed?

A) Request for proposal (RFP)
B) Competitive bid
C) Single source
D) Negotiated proposal

2. A landlord operates a business incubator with private offices and shared amenity areas. In the past, a handful of tenants have exclusively occupied the amenity spaces on such a frequent basis that other tenants have been unable to access them. What type of provision can the landlord include in its leases to describe acceptable utilization of leased premises and common areas?

A) Use clause
B) Waiver of subrogation clause
C) Landlord indemnification clause
D) Force majeure clause

3. A landlord owns an industrial property. Under the terms of the lease, the landlord is responsible for weekly waste removal. The tenant, a manufacturing company, depends on the reliability and consistency of routine waste removal. The landlord has failed to pay the waste hauler, and garbage has accumulated for several weeks, making it impossible for the tenant to conduct its business. The tenant is forced to vacate and move to another property. What is this called?

A) Estoppel
B) Warranty of fitness
C) Lease termination
D) Constructive eviction

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

5. A tenant in a multi-story, multi-tenant office building has requested dock access for furniture moving. Which item should the property manager request of the tenant's contractor before work begins?

A) Right of entry
B) Certificate of insurance (COI)
C) Waiver of restoration
D) Performance bond

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