Introduction to Property

Sessions 1-4 are now complete and the recordings are available to all registrants. To join the course and catch up ahead of the next session, register now.

Session 1: Setting the Scene: Introducing Real Estate and the Property Cycle

• Real Estate defined: freehold and leasehold interests
• The relationship between property, the economy and society
• Property cycles: Why booms and busts happen
• How the property life cycle works and who is involved: the actors and their advisers including investors and bankers
• Key terms: price, value and worth. Finding the money to buy or develop:  who lends and how funding goes together
• Key impacts today: the 2 ‘C’s: Climate change and Covid19

Session 2: Planning: It all starts with an idea: from green or brown field to a building

• Why the planning system is needed
• The national planning policy framework and setting local plans
• The planning process – from pre-applications to appeals
• Current challenges and concerns: e.g. affordable housing; renewable energy; green belt protection.

To include a short case study to illustrate the above

Session 3: Introducing Land Law and Property Transactions

• Introduction to Land law - from 1066 to now!
• What is good title: Freeholds, leases, rights, obligations and covenants
• Land registration - the what and the why
• Buying and selling the options: private treaty, tender and auction
• Which method – and why
• The law and practice of Estate Agency

Session 4: Landlord and Tenant Matters

• The Landlord and Tenant relationship
• Lease v licence
• Common forms of lease:  ground/development leases; commercial leases;  residential long leases; residential short leases
• Commercial lease terms: Model Lease Clauses
• Common areas of dispute
• Protecting commercial tenants: law and codes
• Protecting residential tenants: rights to buy; limits to short tenancy protection

Session 5: Theory into practice: valuing and managing property

Part 1. Getting to the Numbers – Valuing Property 

Thursday, 11 June. 9.00 – 10.15

• Methods of valuation: the options in brief
• The comparables method explained
• What is comparability and when can this method be used?
• Measuring the building
• Something special about Retail
• Valuing investments: rents and yeilds
• Valuing development land
• Other methods and when they are used
• Getting it right: what is an accurate valuation?

Session 6: Theory into Practice: Valuing and Managing Property

Part 2. Practical Property and Asset Management

Thursday, 11 June. 10.45 – 12.00

• Managing investment property
  • Service charges
  • Rent review in practice
  • Dilapidations: typical defects that develop
  • Dealing with regulation: energy standards
• Asset management:
  • Balancing the portfolio
  • Strategies to retain good tenants
  • Creating added value; performance measurement
  • Special issues for retail
• Issues for owner-occupiers
  • The role of FM
  • Intelligent buildings and big data
  • Going green?