Introduction to Property

DAY 1 Monday, 10 January 2022

Session 1: 10.00 - 11.15
Setting the Scene - Derek Bruce 

• 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
• Climate change - why it matters to real estate 

11.15 - 11.45 Break

Session 2: 11.45 - 13.00
Planning: where development starts - David Carlisle 

• Why the planning system is needed
• The national planning policy framework 
• From national to local: local and neighbourhood plans 
• Current policy challenges and concerns: e.g. affordable housing; renewable energy; green belt protection
   

DAY 2 Thursday, 13 January 2022

Session 3: 10.00 - 11.15
The Law of the Land: Owning, Buying and Selling - Derek Bruce 

• Introduction to land law - from 1066 to now!
• How we can own: different titles: freeholds, leaseholds, commonhold and other forms of shared ownerships
• Legal rights, obligations and covenants
• Land registration - the what and the why
• Buying and selling the options: private treaty, tender and auction
• The law and practice of Estate Agency 

11.15 - 11.45 Break

Session 4: 11.45 - 13.00
Developing Land: navigating the system - David Carlisle  

• The planning process – what you need to do to before making an application… forms and consultations
• Who decides – and why gaining consent can be a lengthy process
• Appealing decisions 
• Special rules around heritage
   

DAY 3 Monday, 17 January 2022

Session 5: 10.00 - 11.15
Understanding Commercial and Residential leases – Derek Bruce    

• 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 tenants: commercial and residential law and codes

11.15 - 11.45 Break

Session 6: 11.45 - 13.00 
Any colour as long as it’s ‘green’ – Tom Marshall 

• Why climate change and ESG matter to property
• Introducing the international sustainable development goals
• Green certification
• Regulation: energy matters but so does the environment!
• How the agenda impacts value: green premium or brown discount?
• Retrofitting – the new name of the game: examples; challenges
• What is the future?

DAY 4 Thursday, 20 January 2022

Session 7: 10.00 - 11.15 
Whose buying? And what will they pay? – Simon Wainwright 

• Occupational v investment market 
• The investor’s shopping list: what’s on it and what is not and why
• Balancing risk and return
• Finding the money! Who loans and on what?
• Putting a price on an investment property: explaining rents and yields
• Other reasons to value real estate and how we do it:

11.15 - 11.45 Break

Session 8: 11.45 - 13.00
Commercial Asset and Premises Management - Derek Bruce

• Managing let building 
  - Service charges
  - Rent review in practice
  - Dilapidations: typical defects that develop
  - Dealing with regulation: energy standards
• Managing Occupation: Issues for owner-occupiers and tenants
  - Should we rent or should we own?
  - The role of FM
  - Covid and Health and safety
  - Intelligent buildings and big data