Course Information Undergraduate prospectus

Strategic Property Management

Course summary

Course code: LAND1033
Level: 5
Credits: 15
School: Architecture, Computing and Hums
Department: Built Environment
Course Coordinator(s): Mark Daley

Specification

Pre and co requisites

None.

Aims

Property asset management is an important function of estate management relating legal, financial management and taxation issues to the estate. Property Managers of both residential and commercial estates need to have a detailed understanding of the legal aspects relating to the landlord and tenant relationship, lease control and estate agency practice. They also need an understanding of rent convents, rent review, and the resolution of disputes in the area of landlord and tenant law. Property transactions and most forms of construction have taxation implications for the property owner or occupier. Property professionals representing investors, dealers, businesses, resident occupiers or others therefore require a sound basis of property taxation.

To enable student to develop an understanding of diverse property management functions.
To enable students to develop an understanding of the role of asset manager in adding value to the estate.
To further develop the student's knowledge of landlord and tenant law.
To provide students with a comprehensive understanding of the law of dispute resolution in respect of rent reviews and lease renewals.
To provide students with an understanding of the general principles of the taxation system in the UK, with particular reference to landed property.

Learning outcomes

On completing this course successfully you will be able to:

Begin to recognise the need for commercial lease control and management.
Explore the positive linkage between proactive asset management and asset value.
Understand and apply the provisions for the client¿s interests in property management.
Demonstrate a deeper understanding of the rent review procedure and dispute resolution.
Explore and reflect on the role of the agent in the marketing sale, acquisition and letting of land and property.
Begin to recognise how national and local taxation regimes may affect the financial outcome of certain transaction, works to land or buildings and occupation or holding of property.

Indicative content

Landlord and Tenant Law.
Marketing and Disposal of Property.
Dilapidations and Schedules of Condition.
Service Charges.
Taxation.
Portfolio Management.

Teaching and learning activity

This course combines a series of lectures and tutorials with group work to support the essay project. Practical workshops will support the valuation calculations. There will be an examination at the end of term III.

Learning Time (1 credit = 10 hours)

Scheduled contact hours:

Note: include in scheduled time: project supervision, demonstrations, practical classes and workshops, supervised time in studio or workshop, scheduled lab work , fieldwork, external visits, work-based learning where integrated into a structured academic programme.
Lectures 12;
seminars 0;
supervised practical sessions 0;
Tutorials 12;
formative assessment 12;
other scheduled time 0;
Guided independent study:

Note: include in guided independent study preparation for scheduled sessions, follow up work, wider reading or practice, revision.
Independent coursework 114;
Independent laboratory work 0;
other non-scheduled time 0;
Placements (including work placement and year abroad) 0;
Total hours (Should be equal to credit x 10) 150.

Assessment

Written Assignments - 100% weighting. Pass mark 40%. 2000 words.