True or False: Once a Property Asset Type is selected, it cannot be changed.

The statement that once a Property Asset Type is selected, it cannot be changed is false. In Argus Enterprise, users have the flexibility to modify various aspects of a property, including the Property Asset Type, after it has been initially set. This capability allows users to adapt their modeling and reporting to reflect any changes in the property’s status, characteristics, or strategic focus over time.

By allowing changes to the Property Asset Type, Argus ensures that users can maintain accuracy in their property financial models and better respond to evolving market conditions or business strategies. Admin privileges or asset condition are not required barriers for making this change, reinforcing the system's user-friendly approach to property management and analysis.