Level 3- Brent Cross Flashcards
What type of transactions did you anaylse?
Open market lettings and lease renewals (hierarchy of evidence) weighted in accordance
What provisions did you undertake to have access to the data room?
Had to sign an NDA (non disclosure agreement)
Meaning my firm has entered a legally enforced contract whereby they have to keep information confidential
What is a lease précis?
It is a written document which allows the surveyor to identify key provisions more easily within a lease including rent, term, rent free and incentives, deeds of variation, rent reviews
How many comparable transactions did you include and why was this a sufficient number?
4 comparables, was within the same or similar pitch as the subject property, recent dates and all with a clear ZA rate of £98-£105
Lack of comparable high street comps due to drastic difference in pitch
What was the original rent and Zone A of the property?
£45,000 - ZA of £90
What was the improved rent and ZA following rent lease renewal?
£50,000 and £100 ZA
How did you document this uplift?
Saved under password protected files internally
