Case Study Flashcards
Spec / construction of property?
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How did you arrive at the market rent?
What was your best comparable and what adjustments did you make?
How did you treat the rent free? Net rent? no net effectives on comparables?
Do you have Carpetright elsewhere in portfolio and how would you manage them?
Talk through the advice on the marketting advice for Unit 11?
- advise on risk profile for estate
- one tenant in more space
- tenant expecting lower rent as occupying 2 units already
- ?
Lease expiries of existing unit 9 and 10?
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What advice did you give to client regarding targeting just United Silicones?
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Did you advise on Risk exposure to tenant to United Silicones?
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How did you review convenant strength of United Silicones?
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What rental deposit was requested?
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Talk through advice when notified breach when first noticing the breach?
- I advised client on tenant breach of lease
- I advised client on insurance requirements
- I advised structural integrity was compromised
What legislation requires tenant to ensure health and safety?
Health and Safety at Work Act 1974
Talk me through stages of inspection?
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How did you assess hazards and risks before attending site and during?
- desktop risk assessment
- vehicles reversing
- heavy plant and machinery
- asbestos
- contamination
- H&S reports
What physical risks and hazards are there when inspecting an industrial property before inspecting?
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When were current regulations updated? (MEES)?
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When are future changes expected?
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What are risks about advising clients on future EPC changes?
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What is your opinion on EPC as a measurement of sustainability credentials?
EPC measurement of building, not how building is being used
poor measure of sustaianbility as not dynamic
calculations are vague and can vary
Measurement - What are we required to measure on for office buildings?
IPMS 3
Measurement - How did you meaure on IPMS 3
Measurement - Measured on vertical or horizitonal sections?
Vertical
Measurement - Is IPMS 3 smaller or larger? and why?
Larger
- columns
…
Measurement - Mill Hill - Stand alone unit or terrace?
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Measurement - Mill Hill - What was the site cover?
40%? in sq ft
Measurement - Mill Hill - What was the office content?
10% in sq ft?
Measurement - Mill Hill - Why did you not include mezzanine?
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Leasing - Retail Kensington - What was the marketting strategy?
- target F&B operator
- target 10 year plus
- client objectives capital preservation
- highlight local amentities
- local amentities
Leasing - Retail Kensington - What terms did you advise were appropriate?
- 5-yearly rent reviews
- 5-yearly break
- inside act?
- turnover?
- etc
Leasing - Retail Kensington - What advice did you give on the other offers to go with independant operator?
?
Leasing - Retail Kensington - How did you review covenant strength and what advice did you give?
Credit rating - 60 - ?
Leasing - Retail Kensington - What rent deposit did you agree?
12 months
£150k?
- extent of fitout?
- covenant strength
Leasing - High Wycombe - What advice was provided to client?
- Floor plate size ?
- void for?
- demand for smaller floorplates?
- office space used for?
- partioning to split unit?
Leasing - High Wycombe - What advice on lease terms given the partioning?
?
Property Management - Service Charge Rec - Birmingam - What was the budget running at?
£50k?
psf?
in line with expectations?
Property Management - Service Charge Rec - Birmingam - How many schedules?
2
what did they relate to?
Property Management - Service Charge Rec - Birmingam - Were their accruals? can you make accruals?
?
Property Management - Service Charge Rec - Birmingam - Over budget, what advice did you give? What did you do?
?
Property Management - Service Charge Rec - Birmingam - Why did you not re-ssue budget, why did deal with by way of balancing charge?
Repair works came up close to year end
etc
Property Management - CRAR - Trowbridge - What else could you have done?
Rent deposit
Payment Plan
Forfeiture
etc
Property Management - CRAR - Trowbridge - Why CRAR?
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Valuation - What is an equivalent yield?
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Valuation - Why did you adopt an equivalent yield?
?
Valuation - Cardiff - What equivalent yield you applied? Where did you derive that from?
Investment sales comps
SRC - Lease Regear - Yield shift, what adjustments did you make between different yields and why?
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SRC - Lease Regear - What was the difference? what was it based on?
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SRC - Strategic Report - business objectives and strategic goals?
- capital partner
- fund objective was to expand into prime retail, capital preservation
- how did advice fit with strategy
SRC - EPC Strategy - In this report you say EPC of B is future proofed, but case study says C, why?
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SRC - What are large costs that businesses incur?
- employees
- IT systems
Sustainability - Green Leases - Example of light green clause implemented?
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Sustainability - Green Leases - Example of dark green clause implemented?
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Sustainability - Green Leases - Are light green clauses legally enforceable?
- not enforceable
- mainly in terms of correct legal drafting?
Sustainability - Green Leases - Did any proposed changes incur cost to tenant?
Service charge contributions
Materials if used?
Sustainability - If tenant refused to accept green clause, what advice would you give your client?
?
Sustainability - Green Lease - How would green leases impact property value?
- future demand will be for sustainable properties
H&S - Victoria - 2 risks identified and how you sought to mitigate them?
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Data Man - How do you and your firm comply with UK GDPR 2016 and Data Protection Act 2018?
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Data Man - What do you if leakage of personal data, what steps would you take?
- inform compliance officer
- inform ICO within 72 hours of breach - risk of personal lost
- fine 4% global turnover or?
DEI - CPD on Better Balance, what was one key takeaway?
- standard maternity practice ?
Inclusive Environments - Protected characteristics of UK equality act 2010?
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Inclusive Environments - How can you make buildings more inclusive?
- Brail
- Ramps
- Lifts
- Hearing Loops
- Wide doors?
Ethics - 5 rules of conduct?
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Ethics - What is in appendix A of Rules of Conduct?
Ethics - What are the 6 ethical principles?
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Ethics - Hospitality Event - Why did you turn it down?
- proportionality
- timing?
- supplier trying to win business
- conflict
bribert act 2010 principles
proportionality
top down comittment
etc
Ethics - What steps would you need to take to set up new firm?
RICS compliance
- CHP
- PII
- Inform RICS
Statuaoty compliance
- GDPR
- Equality act etc
Ethics - PII turnover?
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Ethics - What if your company doesnt have turnover?
Estimat your tunrover
Ethics - What is your current CHP procedure?
Ethics - Examples of AML Red Flags?
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