Case Study Level 1 Flashcards

1
Q

Describe the construction of the property.

A

Steel portal frame, brick cavity wall, concrete blocks, steel cladding coated in plastisol roof

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2
Q

What is the height of the unit internally and the height of the roller shutter door?

A

5m internal height, 3m high roller shutter

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3
Q

What does Tenancy At Will mean?

A

Essentially a mini lease, used to allow occupancy before a lease is complete

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4
Q

What do you mean by incoming tenant would not be an ideal standard?

A

Wording I used to cover everything, examples include business success, business type, tenants that fail any checks etc

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5
Q

You mention the loss of income in Project Value- what other costs might have been incurred?

A

Resource costs, marketing costs, repair and liability costs

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6
Q

How can you be sure the Council has a secure Server?

A

Internal servers only accessible to council staff on the council network

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7
Q

What PPE did you arrange?

A

High vis coat, boots with steel toe cap, helmet

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8
Q

How might you adjust the rent for inflation?

A

Most common way is by using RPI

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9
Q

KI2:Opt A why would the Council lose out on rent?

A

By not implementing an increase when the is an opportunity for one

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10
Q

KI2:Opt B Explain any other issues regarding RPI rent reviews you can think of.

A

Chance RPI stops being used and replaced with CPI or PCIH

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11
Q

Why was it relevant that the comparable method ‘wouldn’t take long’, yet you then say it would take the most time?

A

Depends on the sources of data you have available, other council property, other agents response time

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12
Q

Why was it fairer? To whom?

A

Fairer for other tenants, tenants talk, cant have some pay more than others without justification

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13
Q

What other value significant factors did you consider apart from electric Roller Shutter doors?

A

Newer, better maintained, no leaks, more secure

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14
Q

How was the old lease surrendered?

A

Surrendered by operation of law, vacation inspection document used to assess condition and sign over keys, full and final settlement is an option, liability ends on agreed date.

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15
Q

What LL and T law did you use?

A

Leases were contracted out of the L&T 1954 Act

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16
Q

How did you gather information?

A

Using council records and by phone and email from local agents

17
Q

Why are regular inspections necessary to Tenant units?

A

Keep good repair, ensure use as intended, check condition

18
Q

What does Contracted out of LTA1954 mean?

A

If they are contracted in then they have security of tenure, giving landlord less control, need to serve notice to get anything done

19
Q

How can you justify lower rents?

A

Fair rent = tenant longevity and higher occupancy rates