Pass the BOMI International BI-RPACS CAP-2101-20 Questions and answers with ValidTests

From the Scenario:

The scenario mentions:

"The potential occupant will require secured access to their space at all times."

"The potential occupant would like to have the windows restored and two sets of public restrooms totaling 2,000 square feet."

Now let's evaluate:

A. Access control system–Requested by thetenantfor theirexclusive use. This is a typicaltenant improvement.

Scenario 2

A real estate partnership recently purchased a new property for its portfolio. The property was developed in the 1980s and has not since had a major renovation. It is a200,000 square foot, three-story office building. When built, it was aClass A suburban office buildingin a strong market in one of the nicer business parks in the city.

The partnership typically purchases buildings that are in need of repairs and upgrades. The partnership is focused onsustainability and energy savings. The partnership staff, including asset management, accounting, and finance, are located1,000 miles away. This is the partnership’sfirst purchase in this marketplace.

During due diligence, the partnership found records were not as complete as expected. There are a variety of lease types, although they all have strong terms and conditions for lease renewals, including exceptions for tenant default. It is the new owner's preference totransition the building to a triple-net (NNN)lease structure. All leases and addenda, past rent rolls, financials, and operating reports are available for inspection and review.

The property is70% occupied, and25% of the building is up for renewal during the next two years. An appraisal report shows thecapitalization ratefor the market for this type of property is6.5%. The property manager has been asked to prepare anincome projectionfor the coming budget year.

The building has many needs in order to return to its former position in the marketplace, which includesenergy and sustainability upgradesusing modern technology.

Analysis:

FromScenario 2, we know:

The building was recently acquired.

There area variety of lease typesin place.

The new ownerprefersto move toward atriple-net (NNN) lease structure.

However, leases arelegally binding contracts, and:

Youcannot unilaterally changeexisting lease terms.

Tenantsare not obligatedto sign a new lease or agree to changes unless the lease allows it.

Best (and most legally sound) approach:

A. Adhere to the terms in the current leases–

This respects existing agreements and avoids legal issues. Any changes must happen atrenewal timeor throughmutual agreement.

Answer Based on the Scenario:

From the scenario:

"There is only one set of public restrooms on the west side of the floor. The potential occupant would like to have the windows restored and two sets of public restrooms totaling 2,000 square feet."

This indicatesmodifications to restroomsare being planned, andADA (Americans with Disabilities Act) complianceis a standard,mandatory pre-leasing evaluationfor any restroom renovations or additions in commercial spaces to ensure accessibility.

Under theBOMA standard,"building common areas"are spaces that:

Serve all tenants (e.g., lobbies, public corridors, restrooms),

Arenotusable solely by one tenant, and

Areprorated across all tenantsbased on rentable square footage.

Let's analyze each option:

A. 2,000 square feet of restrooms✅Correct.Restrooms arebuilding common areasand shared by all tenants. BOMA defines such areas as common and therefore prorated.

From Scenario 2:

Property size =200,000 sq ft

Current expenses =$1,700,000

Market average expenses =$10.00/sq ft

Step-by-Step Calculation:

Information from the scenario:

Operating cost = $8.00 per square foot

Tenant requests = 21,000 rentable square feet

Desired profit = $150,000 annually

Step-by-Step Calculation:

LetXbe the required lease rate per square foot.

We want:

A math equations with numbers and lines AI-generated content may be incorrect.

Why Option B is better:

"Determine the partnership’s goals, including the expected holding period"

This ensures thebudget reflects the new owner’s intentions(e.g., capital improvement plans, lease-up strategy, target NOI).

Theholding periodwill influence decisions like capital investments, lease structures, and operating expenses.

It provides thestrategic directionneeded to create a relevant and accurate budget — not just a recycled one.

Based on the Scenario:

From the scenario:

"The owner pays all operating expenses."

This is a key indicator of aGross Lease, where:

Thelandlord paysfor taxes, insurance, and maintenance (i.e., operating expenses).

Thetenant pays a fixed rent, with no variable expenses added.

Also:

Alaw enforcement agencyis agovernmental/office-type tenant, and such tenants typically prefergross leasesfor budgeting simplicity.

Ground leasesinvolve land use and construction — not applicable here.

Percentage leasesare used in retail, where rent is based on sales — not applicable.

Triple-net (NNN)leases require the tenant to pay operating costs — opposite of what the scenario states.

Based on Scenario 2:

The scenario states:

"The partnership is focused on sustainability and energy savings..."

"The building has many needs in order to return to its former position in themarketplace, which includesenergy and sustainability upgrades using modern technology."

Analysis:

A. Property condition assessment– General overview; not specific to sustainability or energy use.

B. ASHRAE Level 1 assessment–A targetedenergy assessment, specifically designed to identifyopportunities for energy efficiencyand sustainability improvements.

C. Recommissioning– Useful, but is more effectiveafteran energy assessment identifies what needs to be adjusted.

D. Reduce operating hours– May cut costs, butnot a targeted sustainability initiative.