SOE direct Qs technical competencies Flashcards
What stat powers would a water utility provider use?
Water Industry Act 1991
What stat powers would a electric utility provider use?
Electricity Act 1989
How would an acquiring authority take access onto a third parties land to take surveys?
Section 172 of the Housing and Planning Act 2016
Allows acquiring authorities (including statutory undertakers) to enter land for preliminary surveys related to compulsory purchase orders (CPOs).
Requires 14 days’ notice to the landowner.
If entry is refused, the authority can apply for a magistrates’ warrant.
What act governs the telecommunications code
Communications Act 2003
What did the 1988 Housing act introduce regarding tenancies in the private sector
Both assured tenancies and assured shorthold tenancies
What did the 1988 Housing act introduce regarding a landlord regaining possesion
Section 21 (No-Fault Eviction):
Section 8 (Grounds for Possession):
When can section 8 of the 1988 housing act be used
Section 8 (Grounds for Possession):
Allows eviction during the tenancy if the tenant breaches terms (e.g., rent arrears, anti-social behaviour).
The landlord must specify one of 17 legal grounds for eviction.
When can section 21 of the 1988 housing act be used
Section 21 (No-Fault Eviction):
Allows landlords to evict tenants without giving a reason at the end of the fixed term.
Requires at least 2 months’ notice.
Can you name some of the main features of the 1988 housing act
- Introduction of Assured tenancies and AST’s
- Allows greater power for landlords to regain possession
- removes rent controls
- succession rights (AT’s not AST’s)
Can you name a few of the 17 grounds for eviction under a section 21 notice of the 1988 housing act
- Rental arrears (Court may)
- Illegal subletting (Court must)
- Criminal activity (Court must)
- Persistent late payments (Court may)
A transport and works order is granted under what act?
Transport and Works Act 1992
What were the positives of a new letting Lotherton Park farm to a new tenant
- Yield higher rent
- ability to screen new tenants
- improve likelihood of timely payments
What were the positives of a renewing the lease at Lotherton Park farm to the same tenant
- Avoids any vacancy period
- Avoids costs associated with marketing a property
What were the negatives of a new letting Lotherton Park farm to a new tenant
- vacancy period (loss of rental income)
- costs associated with marketing the site
What were the negatives of a renewing the lease at Lotherton Park farm to the same tenant
- History of disrupted payments
- rental rate may be negotiated below market value
What were the positives of selling the land at Lotherton Park
- Provides capital lump sum payment
- removes management costs
- removes liability of the land
What were the negatives of selling the land at Lotherton Park
- loss of future income
- forfeiture of any long term gains
- loss of control in the land
What stat powers would a gas utility provider use?
The Gas Act 1986
What is the hourly graduate rate for general professional services
£140 per hour
What is the hourly senior surveyor rate for general professional services
£200 per hour
What does the the RICS Valuation Global Standards effective from 31st January 2025 set out?
A framework that sets out mandatory practices for RICS members undertaking valuation services worldwide
How would you define market rent
Market Rent is the estimated amount for which a property or premises could be let in the open market, on the date of the valuation, and under normal market conditions.
Can you give me an overview of the document - Surveyors-advising-in-respect-of-compulsory-purchase_sept2024
This updated standard outlines mandatory professional behaviors and competencies for RICS members involved in compulsory purchase and statutory compensation matters.
How does a window become blown
A blown window occurs when the seal between the glass panes fails, allowing moisture and air to enter the gap between the panes. This results in condensation or a misty appearance inside the glass that cannot be wiped away.
What does the land compensation act of 1961 detail?
Sets out compulsory purchase compensation e.g disturbance, injurious affection, hope value etc
What does the land compensation act of 1973 detail?
- Market Value of Land: As per the 1961 Act, compensation is based on the land’s market value at the time of acquisition. The 1973 Act does not fundamentally alter this but clarifies the method of calculation in certain cases.
Injurious Affection: Compensation may also be provided when land is not directly acquired but is affected by a compulsory purchase. For example, if an adjacent road project reduces the value of a property due to noise or pollution, the landowner can claim compensation for this injurious affection.
Disturbance Compensation: The 1973 Act also extends to compensation for disturbance caused by the acquisition of land. This may include the cost of relocation of businesses, loss of profits, and other disruption that occurs due to the compulsory purchase.
What is a crown tenancy agreement
A lease or rental agreement whereby the landlord is a government entity
Tell me about comparable evidence
Comparable evidence is used when valuing a property - it derives a value from recent transactional evidence of comparable properties within a similar location, similar characteristic etc
What is a cadastral system
A cadastral system is used to document the ownership, boundaries, and value of land and property.
What does the RICS Real Estate Management, 3rd edition Professional Statement (2016) set out
Provides a set of standards and guidelines for the management of real estate.
What are some of the differences between an assured shorthold tenancy and an assured tenancy
- Security of tenure (ast can be ended with a sectio 21 notice)
- eviction (AST easier to evict with a section 21 notice) (AT there has to be grounds e.g section 8)
- AST’s more common in private rental sector
- AST’s tend to be shorter
- AT’s rental increase requires tenant consent or more formal process
Difference between a licence and a lease?
With a lease the tenant has exclusive posession (Street vs Mountford 1985)
Can you name some key points of the rics red book update
Alignment with the IVS (International valuation standards)
Reinforcement of the importance of an audit trail
Esg reporting mandatory
Esg – needed in terms of engagement
Record any relevant esg data
