Housing Act 1988 Tenancies

Question 1

When notice is an housing act tenancy

Answer 1

section 13

Question 2

What are the ren review provisions

Answer 2

at least 6 months of a yearly periodic tenancy and must be 52 qwwka or 12 months of the tenancy

Question 3

What is the important date for an assured tenancy or assured agricultural tenancy

Answer 3

a tenancy created before 15 January 1989

Question 4

What is the calculation for an investment valuation

Answer 4

capital value= income x yield

Question 5

What yield would you use if theere was likelihood you could get vacant possession

Answer 5

3-5%

Question 6

What is the yield if it is unllikely to get vacant possession

Answer 6

2%

Question 7

What valuation method would you use for rent review

Answer 7

YP and then on the capital and then rent in two uears yp in perprtuity deferred at 2 years at 2%

Question 8

What valuation method would you use or FBT

Answer 8

First need to work out value of term. Current rent by years purchase for th remaining of the term. That gets the capital value of the term. Then work out the value of reversion which is vacan possession value by present value of £1. You use the same percentage - this is the capital value f revesion and you then add thm together

Question 9

What are the factors you would consider in an insurance valuation

Answer 9

Establishing the nauture and extent of buildings, idnetifying method of construction adn materials, extent the building is destroyed requirements/palnning requirements of the buildingm assessing an appropriate building cost, allowances for demolition where exisitng building included, VAT and fees