Case Study Level 1

Question 1

Describe the construction of the property.

Answer 1

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

Question 2

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

Answer 2

5m internal height, 3m high roller shutter

Question 3

What does Tenancy At Will mean?

Answer 3

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

Question 4

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

Answer 4

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

Question 5

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

Answer 5

Resource costs, marketing costs, repair and liability costs

Question 6

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

Answer 6

Internal servers only accessible to council staff on the council network

Question 7

What PPE did you arrange?

Answer 7

High vis coat, boots with steel toe cap, helmet

Question 8

How might you adjust the rent for inflation?

Answer 8

Most common way is by using RPI

Question 9

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

Answer 9

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

Question 10

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

Answer 10

Chance RPI stops being used and replaced with CPI or PCIH

Question 11

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

Answer 11

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

Question 12

Why was it fairer? To whom?

Answer 12

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

Question 13

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

Answer 13

Newer, better maintained, no leaks, more secure

Question 14

How was the old lease surrendered?

Answer 14

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.

Question 15

What LL and T law did you use?

Answer 15

Leases were contracted out of the L&T 1954 Act

Question 16

How did you gather information?

Answer 16

Using council records and by phone and email from local agents

Question 17

Why are regular inspections necessary to Tenant units?

Answer 17

Keep good repair, ensure use as intended, check condition

Question 18

What does Contracted out of LTA1954 mean?

Answer 18

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

Question 19

How can you justify lower rents?

Answer 19

Fair rent = tenant longevity and higher occupancy rates