Certified Apartment Portfolio Supervisor (CAPS) Practice Exam - Module 1

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Prepare for the Certified Apartment Portfolio Supervisor (CAPS) Exam with our comprehensive quiz. Utilize flashcards and multiple-choice questions designed to ensure a solid understanding of property management principles. Get ready to excel in your exam!

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What type of information should be included on a Property Information Sheet?

Future investment plans.
Current tenant names.
Location, size, name, and age.
Monthly maintenance costs.

The correct answer is: Location, size, name, and age.

The inclusion of location, size, name, and age on a Property Information Sheet is vital because this information provides a comprehensive overview of the property. It allows for easy identification and assessment of the property, situating it within the context of the market and surroundings. The location indicates where the property is found and gives insights into the neighborhood and potential demand. The size gives an understanding of the space available, which is crucial for potential tenants or buyers. The name helps in branding or distinguishing the property from others, while the age provides context about the property's condition and its potential historical value or charm. Together, these details form a fundamental snapshot that can guide decisions regarding leasing, purchasing, and managing the property effectively.