All Flashcards
What does BPF stand for?
British Property Federation
What does MSCI stand for?
Morgan Stanley Capital International
What does SMART targets stand for?
Specific
Measurable
Attainable
Relevant
Time-bound
Lease terms that impact value of a property?
- Rent
- Incentives
- Rent review
- Break clause
What are Heads of Terms and what might be included?
HoT = short document formalising what has been agreed between landlord and tenant (not binding)
- Inside or Outside Act
- Rent
- Term
- Break clause
- Rent review provision
- Incentive
What is in JLL’s Code of Ethics?
- Valuing our people (DEI, H&S, Human Rights)
- Doing business with integrity (gifts, money laundering)
- Conflicts of interest
Explain the Landlord and Tenant Act 1954
Provides security of tenure i.e. if your lease is ‘Inside the Act’ then at expiry you are entitled to a new lease o the same terms as the old lease (with new MR).
- Landlords want Outside Act because they can get possession back / if they want to redevelop property
What are Modern Methods of Construction?
MMC aim to address challenges in the traditional construction industry, offering faster and more cost-effective construction methods
The most advanced of these are modular building methods, where the production of entire houses is moved from the building site to the factory = can be built with less than 50% of the workforce needed by traditional housebuilding
What is community-led housing?
- Community engagement throughout development process
e.g. cohousing, developer-community engagement
What are dilapidations?
The liability of the tenant to maintain and hand the building back in the condition agreed in the lease
What are the differences between IPMS 1 2 and 3?
IPMS 1 measures to outer face whereas IPMS 2 and 3 measure to IDF
How many UK homes are EPC D or below?
19 million
What is horizon used for?
Identifying assets owned by particular clients
Can then be used to identify opportunities with their assets and provide better client care by being prepared before meetings
How do you identify title boundaries with Edozo?
It is aligned with the Land Registry title plans
What did you learn in the MSCI CPD?
How to search for completed transactions i.e. I have since used it for finding all the purchasers of Booker warehouses in the last five years - from this my supervisor was able to idenitfy potential purchasers of more Booker stock