Certified Apartment Manager (CAM) Practice Test

In a lease agreement, the property management company typically offers the apartment home as consideration. Consideration refers to what each party agrees to give or do for the other in the contract. In this case, the property management company is providing the tenant with the right to occupy a specific apartment unit, which is the primary purpose of the lease agreement. While rent is the financial obligation of the tenant and utilities and maintenance services can also be part of the service agreement, they function more as terms of the lease rather than the fundamental consideration exchanged. The apartment home itself constitutes the primary value that the tenant receives from entering into the lease, making it the central element of consideration in the agreement.