CPD Flashcards
RICS APC Hot Topic Guide Spring
2021
- Shortage of foreign hospitality workers has led to a rise in hospitality wages. This will impact operating costs in a profits method val, leading to a reduced FMOP.
- The key changes to RICS’Ethics and Rules of Conduct. Relate to an increased focus on conduct, competence, diversity, inclusion, support, professional excellence and a risk-based approach
Expert Witness Masterclass
Understand the main differences between Expert witnesses (duty of court) and Advocate (duty to client with integrity)
Surveyors Acting as Expert Witnesses, 4th edition
Surveyors Acting as Advocates, 2nd edition professional statement; 3rd edition guidance note
What CPD have you done since your submission?
Listened to a Savills podcast on how publicans are managing with the current external only trading.
Read an article on EGI in regards to hospitality wage increases due to lack of demand since foreign staff returned home as a factor of Covid-19.
Attended a Rating Seminar Rating Talking Heads: May on 26 May 2021 at Virtual Monthly Discussion
Anti Money Laundering Masterclass
Refreshed my knowledge of AG&G Creditsafe system and when to use it. And what information is required from clients to satisfy due diligence checks.
Landlord and Tenant Masterclass
To recognise the difference in my recommendations to a client in regards to whether I am acting for acting for landlord or tenant.
Fleurets pub prices 2020
This identified Average Price dropped significantly. Better stock was held onto by landlords who did not want to sell in uncertain covid times due to fear of achieving a poor price. Majority of sales are from northern lower grade stocks. Not Like for like.
Use class changes and rationale?
Restaurants now in use Class E – Commercial, business and service
Pubs now as Sui generis – No class specified
These transitional provisions will remain in place from 1 Sep 2020 until 31 July 2021 when reviewed.
Changes between use class do not require planning permission, giving greater freedom during these uncertain times. Help the high street.
Next big leisure trend?
Competitive socialising: Sixes, cricket sim pub
Vegan fast food concepts
Size matters, more large scale requirements coming in for leisure/food halls.
Ethical standard seminar
Use ethical decision tree, always think would I be happy for my actions to be made public?
Alienation Training course
Assignment - AGA’s
Subletting - to market rent or at same price? check clause in lease
Sharing - not commonly permitted in leases
Landlords consent not to be unreasonable withheld of delayed s. 19 (1) LTA 1927
Consumer rights act
Stops unfair terms
Letting agents must display summary of charges on website and in office
Policed by local authority max fine £5,000
Business Development Meeting
Secure new fees through social media promotion of services.
Networking.
Business Rates time of the essence
Check reply from voa = 12months
Challenge submitted after check decision = 4 months
VOA reply to challenge = 18 months
Acceptance of offer = 14 days
The impact of CVAs on the UK retail
market
gives businesses in serious financial difficulty the chance to renegotiate debts with their creditors and allow recompense over a structured period of time.
For a CVA to be accepted as a viable course of action, a vote is conducted in which three-quarters of the creditors, by value, need to give support for the proposal to be ratified
Landlords can be unfairly voted into something they did not sign up for, giving rent reductions and massively affecting the value of their property.
Turnover rents
UK shows that turnover rents requested by retailers range from 1–15%, with an average of 7%
either from the turnover percentage, or baseline with ratchet top-up
Would make sense for public houses,in light of today’s market. However rent reviews would need to be annual not 5 yearly.
