CPD

Question 1

UK Residential Update August 24

Answer 1

Base rate cut
Increase in demand
Rents increasing but at a slower rate to recent years

Question 2

Draft Red Book update

Answer 2

Due to come in 2025
Aligning VPS’ with IVS
Automated Valuation Models are to be checked and confirmed by the valuer
More onus on sustainability impact on value

Question 3

Office Market mid-year update (regional cities)

Answer 3

Take up increasing vs 2023 in a number of cities including Birmingham, Bristol, Cardiff, Leeds. Grade A space still in considerable demand and supply low.

Question 4

New government impact on property industry

Answer 4

Housebuilding
Planning targets
Stamp duty
Business rates

Question 5

Gender Equality

Answer 5

Gender disparity particularly prevalent in leadership roles in property industry
Diverse teams improve decision making and creativity
Increase imprint in schools, hire from diverse backgrounds, pay fairly, promote fairly

Question 6

How to build inclusive environments

Answer 6

9 protected characteristics
Design with each in mind, make reasonable adjustments to existing properties
Wheelchair access – lifts to all floors, chairlifts, suitable entrance/exits
Brail signage
Faith rooms
Non-discriminatory signage/names/language
Autism – sensitive lighting, sound etc

Question 7

Levelling up and regeneration act

Answer 7

Local Plans and National Development
Plan gained a higher status, whilst a
30 month limit was introduced to
bring forward Local Plans.

Question 8

Dilapidations

Answer 8

Landlord’s claim for breach of repairing covenants at the end of a lease, if the landlord has suffered a loss as a result
Process - ask Vir

Question 9

Service Charges in Commercial Property

Answer 9

Not for profit not for loss
A sinking fund is for wasting assets e.g. M&E, lifts
Must be agreed in accordance with the lease
Must be issued annually to each tenant, apportionment must be justified and provided

Question 10

Data Management - personal data, data ethics, privacy notices

Answer 10

Personal data is any information that is related to an identified individual (could be limited but together with other info could identify that person)
Data ethics - always have a reason for storing data and document that reason
Privacy notice - Cluttons - website analytics data held for 26 months, marketing data held for 7 years, client data held for 7 years or more (e.g. for PII)

Question 11

Japanese Knotweed

Answer 11

Grows around railways
Green heart shaped leaves, white bell flowers, pinkish stems
take photos, note and formally recommend survey
A new assessment framework (flow chart)
Now consider if within 3m of site boundary, previous recommendation 7m

Question 12

Greener Buildings Webinar

Answer 12

BREEAM UK & Europe
LEED - USA
How to make buildings more green - insulation, light timers/motion sensors, solar panels, biodiversity e.g. plants, recycling programme etc

Question 13

Anti-money laundering workshop

Answer 13

CDD
EDD
Staff training
risk assessments
Identifying PEPs - heads of state, ministers, ambassadors, members of management bodies of state-owned enterprises, INCLUDES family members

Question 14

Easements

Answer 14

Express - created by a deed, express intent

Implied - can be implied by necessity e.g. landlocked land, only implied if necessary to imply it

Question 15

Cluttons Anti-bribery policy

Answer 15

We comply with regulation
Provide training
Gift policy
Record everything
Be transparent

Question 16

Beacon Training

Answer 16

Red data
Blue data
Shared data
Always keep up to date
don’t talk about certain info in dual-client meetings e.g. rent, lease terms, renewal tactics etc

Question 17

Indemnity Cover webinar

Answer 17

minimum 250k cover for revenue under 100k
minimum 500k cover for revenue 100k-200k
minimum 1m cover for revenue over 200k
Normally higher
based on types of jobs, risk, value of properties etc
current insurer concerns around cladding, property market uncertainty