Measurement (Level 1) Flashcards
What does the RICS Professional Statement on Property Measurement (2018) set out?
- Sets out the requirements of RICS members and firms in relation to property measurement
- Standards and requirements for International Property Measurement Standards (IPMS)
- Application of IPMS
What does RICS Guidance Note Code of Measuring Practice (2015) apply to?
- Code of Measuring Practice applies to all building classes except offices and residential
What does RICS Guidance Note Land Measurement for Planning and Development Purposes (2021) set out?
- Sets out guidance on the measurement of land areas for planning and development purposes
- Should be read in conjunction with RICS Professional Statement on Property Measurement
- Identifies 5 principal measurements:
1. Land Ownership Area
2. Site Area
3. Net development area
4. Plot Ratio
5. Site Coverage
What is the RICS aim in relation to property measurement?
The key is to promote consistency and accuracy of property measurement around the world, this is why there is a need for the measurement standards
What is IPMS and what standards has the RICS adapted?
IPMS = International Property Measurement Standards
- Applies to the measurement of office and residential buildings
- IPMS 1 covers both offices and residential buildings
- IPMS 2 & 3 for offices and residential buildings
When would you use NIA as a measurement basis?
IPMS 3 – Office – uses NIA as a basis of measurement
When would you use GIA as a measurement basis?
IPMS 2 – Residential – uses GIA as a measurement basis
IPMS 2 – Office - uses GIA as a measurement basis
When would you use GEA as a measurement basis?
IPMS 1 – uses GEA as a measurement basis
What is Net Internal Area?
Net Internal Area (NIA) - the usable area within a building measured to the face of the internal finish of perimeter or party walls ignoring skirting boards and taking each floor into account
What is Gross Internal Area?
Gross Internal Area (GIA) - the area of a building measured to the internal face of the perimeter walls at each floor level.
What is Gross External Area?
Gross External Area (GEA) - the area of a building measured to the perimeter wall thickness and external projections
What is Site Area?
Site Area - the area of land submitted in the planning application drawings that is subject to an application for permission for a particular development
What measurement basis would you use for office property?
IPMS Office 2 & 3
What measurement basis would you use for residential property?
IPMS Residential 2 & 3
What measurement basis would you use for industrial property?
RICS states that surveyors should follow IPMS where possible however it is not mandatory for industrial and retail. Most agents use Code of Measuring Practice as that’s what all of the comparables are valued on.
What measurement basis would you use for retail property?
RICS states that surveyors should follow IPMS where possible however it is not mandatory for industrial and retail. Most agents use Code of Measuring Practice as that’s what all of the comparables are valued on.
What measurement basis would you use for development land?
RICS Guidance Note Measurement of Land for Planning and Development Purposes sets out guidance on how to measure the site area
‘the area of land submitted in the planning application drawings that is subject to an application for permission for a particular development’