Estate and Property Asset Management LNDN REPM 3353

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1 Estate and Property Asset Management LNDN REPM 3353 This course is being offered at London South Bank University, located 45 minutes from CAPA s London Centre. This course is best suited to serious students who want to take a class at a British university. The British academic system differs from the US, particularly with grading. LSBU professors expect students to undertake a good deal of independent study to achieve a high mark in their classes. In order to help clarify these differences, CAPA students taking LSBU courses will attend a special orientation before classes start. This course will run from late January to early June. Students enrolling in this course must be part of the spring CAPA London Science and Engineering Program; students on the standard spring CAPA London Program are not eligible because of the course dates. To take this class, you must have a minimum 2.75 GPA and have completed two semesters of college chemistry, physics, and math. If you decide to enroll in this class, it is up to you to confirm that you will receive credit from your home campus. You can download the module guide from the CAPA website to share with your advisor on campus. LSBU classes fill quickly, so make your selections as soon as possible. Please select an alternative LSBU course in case your first choice is unavailable. For additional information about this class, please contact the Boston Program Management Team at Page 1

2 Unit Title Estate and Property Asset Management Level 5 Reference No. EBB_5_200 Credit Value 20 CAT points Student Study Hours Contact hours: 45 Directed learning hours: 20 Student managed learning hours: 135 Total hours: 200 Pre-requisite learning None Co-requisites None Excluded None combinations Unit co-ordinator Scott King Faculty/Department Short Description Aims ESBE / Built Environment This unit gives a practical insight into managing property. The roles and responsibilities of both landlords and tenants are considered in property management. Financial calculations which inform property management decisions are also considered. The unit is designed to introduce students to the skills, techniques and practices of property management from occupiers and investors perspectives. The relationship between landlord and tenant together with their responsibilities will be examined. The application of legal concepts and valuations concepts will also be considered. Learning Outcomes Knowledge and Understanding: understand the types of lease that exist and the rights and responsibilities of the landlord and tenant emanating from such; understand the different types of property tenure that exist and how ownership can be transferred; understand how value can arise from the creation of interests in land and property and how value can be increased by renegotiating terms between the landlord and tenant; undertake appraisals of landlord and tenant interests, premium calculations, surrender and renewal calculations and marriage value calculations; understand the implications of key legislation affecting commercial leases. Intellectual Skills: assemble information and data from a variety of sources and discern and establish connections; appraise complex and unfamiliar problems and apply professional judgement in order to devise solutions and/or recommend appropriate actions. Page 2

3 Practical Skills: Use & interpret maps, plans & drawings; carry out measurement; undertake survey; record information; prepare plans and information for others. Interpret and use quantitative and qualitative data. Present quantitative and qualitative information; produce professional reports; proposals; professional documentation in accordance with published conventions; C3. use generic and bespoke ICT software; related technologies; select and use appropriate computational methods to solve problems. Transferable Skills: effectively communicate complex ideas, information and data by oral, written and visual means in a form appropriate to the intended audience; use information and communication technology (ICT) to locate and access opinion, information and data from a wide range of sources and communicate information to others; solve problems and make decisions as a member of a team; learn effectively and independently. Employability Teaching and learning pattern This unit develops skills in the management of property interests. It also develops awareness of the key issues in managing the landlord and tenant relationship and managing property assets. Class contact consists of formal lectures (2 hours per week) and workshops/discussion (1 hour per week). Some learning outside of the classroom is directed learning. Indicative content Forms of property ownership, types of leases, control over tenant s activities, tenant selection Disposing of property interests private treaty, tender, auction Premiums, surrender and renewal, multiple interests, marriage value Repairs and maintenance Financial tools for effective property management Key legislation affecting the landlord and tenant relationship Page 3

4 Costs and outgoings Investment strategy and risk Assessment This unit is assessed by the preparation of a group report of 2500 words which addresses a number of property management and landlord and tenant issues. Additionally, there is a three hour exam. COMPONENT WEIGHTING MINIMUM COMPONENT MARK Coursework 50% 35% Examination 50% 35% The unit pass mark is 40% Indicative Sources Core Banfield., A. (2005) Stapleton's Real Estate Management Practice, EG Books, London Baum, A., Mackmin, D., & Nunnington, N. (2006) The Income Approach to Property Valuation (5 th ed), EG Books, London Deakin, M. (2002) The Transition to Property Management, Estates Gazette, London Optional Audit Commission. (1988) Local Authority Property. A Management Handbook, H.M.S.O., London Deakin, M. (1999) Local Authority Property Management :Iinitiatives, Strategies, Re-organisation and Reform, Ashgate, Aldershot Dubben, N., & Sayce, S. (1991) Property Portfolio Management An Introduction, Routledge, London Page 4

5 Heynick, F. (2001) The Economics of Property Management : the Building as a Means of Production, Butterworth-Heinemann, Oxford Hoesli, M., & Bryan D. MacGregor, B.D. (2000) Property Investment : Principles and Practice of Portfolio Management, Longman, Harlow Scarrett, D. (1995) Property Asset Management, E. & F.N. Spon, London Page 5