NY Real Estate Exam · Free Sample Questions

NY Real Estate Property Management Practice Questions

3 free questions from Unlocked's bank of 36 ny real estate property management questions. Full access unlocks all 36 questions with detailed explanations.


Question 1 · Lease Types

In a triple net (NNN) commercial lease, the tenant pays:

  1. ABase rent only. The landlord pays all expenses
  2. BBase rent plus utilities only
  3. CBase rent plus property taxes only
  4. DBase rent plus property taxes, insurance, and maintenance
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Correct answer: DBase rent plus property taxes, insurance, and maintenance

NNN (triple net) leases require the tenant to pay all three 'nets', property taxes, insurance, and maintenance costs in addition to base rent. The landlord's net income is very predictable.

Question 2 · Security Deposits

Under the NY Housing Stability and Tenant Protection Act (HSTPA) of 2019, the maximum security deposit for most residential rentals is:

  1. AFirst and last month's rent
  2. BTwo months' rent
  3. COne month's rent
  4. DThree months' rent
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Correct answer: COne month's rent

The HSTPA of 2019 capped security deposits at one month's rent for most non-rent-stabilized residential apartments in New York State.

Question 3 · Eviction

A landlord changes the locks on a tenant's apartment after the tenant falls two months behind on rent, without going to court. This is:

  1. AA permissible immediate eviction for non-payment
  2. BA self-help eviction, which is illegal in New York
  3. CLegal if the lease includes a lock-out clause
  4. DLegal after 30 days of non-payment
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Correct answer: BA self-help eviction, which is illegal in New York

Self-help evictions, changing locks, removing belongings, shutting off utilities, are illegal in New York regardless of circumstances. The landlord must pursue formal eviction proceedings in Housing Court.

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