SOE technical Flashcards
What is the RICS registered valuer scheme and why is it important
Valuer Registration is a risk monitoring and quality assurance programme which checks compliance with the RICS Red Book.
Valuer Registration ensures that our members always meet the highest valuation standards. Becoming a Registered Valuer therefore offers protection and confidence both to you and your clients.
what is PII and why is it important
Professional indemnity insurance covers the cost of compensating clients for loss or damage resulting from negligent services or advice provided by a business or an individual.
Definition of market rent
The estimated amount for which an interest in real property
should be leased on the valuation date between a willing lessor
and willing lessee on appropriate lease terms in an arm’s
length transaction, after proper marketing and where the
parties had each acted knowledgeably, prudently and without
compulsion
What is a discount rate and how did you arrive at your chosen one
The initial rate was low based on the special assumption that the lease had just commenced
The exit rate was high due to the fact that changing market hard to predict the future energy market possible obsolete.
We steadily increased the rate to reflect break clauses and age of the project.
What type of dcf did you use
For the purposes of this particular practice information, explicit DCF refers to the discounted cash flow model that sets out, with varying degrees of sophistication, the actual expected cash flow of the investment
Any rics documents advise on the solar farm
RICS Standard
Valuation of assets in the
commercial renewable energy
sector
1st edition, April 2018
Effective from 19 April 2018
DCF solar value
based on the special asumption that the project was running and the lease started in accordance with the latest version of the agreed HOT’s. Aim to find the market value for tax planning.
No income rent purely on a per acre basis
VPGA4 was consulted
what is a yield
Yield that can be applied to the rental income from an investment property to capitalize that income
Min distance for solar and BESS to 3rd party property
Solar -
BESS - typically a minimum of 250 meters
What details are required for AML checks
Proof of Id Proof of address and Proof of funds. Personnel details which are then run through our smart search system
what is a memorandum of sale
is a legal document that confirms the details of a property sale between a buyer and seller.
What is the RPA and their role
The Rural Payments Agency (RPA) is a UK government agency that makes payments to farmers, traders, and landowners in England
What is DEFRA and their role
The Department for Environment, Food and Rural Affairs is a ministerial department of the Government of the United Kingdom. It is responsible for environmental protection, food production and standards, agriculture, fisheries and rural communities in the entire United Kingdom
Who is the current secretary of state for DEFRA
Steve Reed OBE
Why were lower prices for the limousine cattle achieved
As they were sold younger they had to be sold as store for further finishing
