Submission Examples

Question 1

Example of Ethics, rules of
conduct and
professionalism

Answer 1

Hackney Japanese Knotweed - Competent

Question 2

Client Care - Level 2

Answer 2

1. Industrial Unit, Camberwell - offering existing tenants, flexible, short-term licences. A tenant at the above property required further space to support their operations.
2. Industrial Unit, Camberwell - lease expiry at the above property. Following the receipt of the tenants break notice, I verified with lawyers to see if it was valid. It was not. The tenant requested to vacate the unit early so they could continue trading out of a newly found premises.

Question 3

Communication and
negotiation (LBC)

Answer 3

Industrial Estate, Camberwell

Following the freehold acquisition of Lilford Business Centre, I
arranged to meet with all the existing tenants to transparently explain
Bloom’s redevelopment plans and associated programme.

Question 4

Inspection - Level 2 (GLI)

Answer 4

Industrial Premises, Park Royal

During my training, I attended an inspection at an industrial premises in Greenwich, for an investment valuation. Before entering the premises, I examined the immediate surrounding area, having regard for the local occupier mix and access constraints.

Question 5

Inspection - Level 3 (example 1 - Welsh people)

Answer 5

Industrial Unit, Camberwell

For a lease expiry, I conducted a thorough examination of the subject property. I reviewed the existing lease and identified a Full Repairing Insuring (FRI) .

During the property inspection, I assessed various aspects, including measuring the building and documenting details such as construction
materials and eaves’ height.

I reviewed the tenant’s fit out and noticed damp staining on the wall in the kitchenette. I promptly informed the tenant of their lease obligations, to keep the unit in full repair and condition. I instructed a building surveyor to provide advice.

Question 6

Inspection - Level 3 (example 2, enva)

Answer 6

Industrial Unit, Greenwich - Licence to alter

I inspected the subject property prior to a possible lease renewal. I reviewed the lease and other pertinent documents to identify the tenant’s obligations. In the lease, the tenant had agreed a licence to alter.

The only alteration present
had been appropriately documented through a licence to alter.

Question 7

Measurement - Level 2 (example 1, Disney)

Answer 7

Industrial Unit’s, Park Royal - Lease Renewal

I measured the subject units on a GEA basis in preparation for an upcoming lease renewal. Using the floor plan’s, I had printed off, I neatly detailed the measurements taken with the laser measurer

Question 8

Measurement - Level 2 (example 2, fold of Christ 🤥)

Answer 8

Industrial Unit D, Camberwell - rent review

I measured the GEA of this unit for the purpose of conducting an upcoming rent review. I met the tenant’s surveyor on site to undertake a joint measurement. The tenant had made considerable alterations to
the unit, including several partition walls.

Question 9

Valuation - Level 2 (example 1- merica)

Answer 9

Industrial Premises, Sydenham

I conducted an internal valuation for the purpose of determining Investment Value, following inspection of the subject property. I prepared a Residual Cash Flow method to apply growth assumptions in the valuation.

Question 10

Valuation - Level 2 (example 2, comparable method)

Answer 10

Industrial Premises, Bermondsey

Internal reporting . Valued the property based on market rent and market value.
To determine the property’s value, I employed the comparable method and gathered pertinent market transaction data from local agents and online databases such as CoStar.

Question 11

Landlord & Tenant - Level 2 (example 1)

Answer 11

Industrial Unit A, Park Royal - Rent Review

Rent review. Based on comparable evidence, the open market rental value was £31.50 per square foot (psf) which was higher than the current passing rent of £24.00 psf.

The review was successfully agreed at £32.00, providing an uplift for my client.

Question 12

Landlord & Tenant - Level 2 (example 2 David wier)

Answer 12

Industrial Unit, Camberwell

I negotiated a contracted-out lease for a tenant for a one-year term. The tenant required flexibility, so I negotiated a mutual three-month rolling break clause. I also negotiated a three-month rent deposit to
provide security for the Landlord

Question 13

Landlord & Tenant - Level 2 (example 3)

Answer 13

Industrial Unit, Park Royal

I reviewed the lease noting the assumptions and disregards in the rent review clause and that time was not of the essence. As the rent review date was due in the next quarter, I advised my director that we should
await the result of nearby letting of a comparable property.

Question 14

Landlord & Tenant - Level 3 (example 1, Welsh People)

Answer 14

Industrial Premises, Camberwell (wall and slab)

Tenant’s break notice
I instructed our solicitor to verify.
Once verified, instructed a building surveyor to produce a schedule of dilapidations.
I obtained authorisation to officially serve this
on the tenant.
The schedule indicated the units had suffered internal defects over the lease term. damage to one of the internal walls as well the floor slab.
The wall needed replastering and
then redecorating, as well as the floor slab needing repainting.
A quote was obtained to carry out this work.
I therefore advised and received approval to agree a surrender of the unit on the basis the tenant agreed to a dilapidations settlement.

Question 15

Landlord & Tenant - Level 3 (example 2, scandy kitchen)

Answer 15

Industrial Unit, Park Royal - Lease renewal (outside the 1954 Act).

I reviewed the lease before evaluating
comparable evidence in the submarket.
My recommendations to my director included a valuation of the market rent and scope for negotiation. I advised that we offer the same lease terms, with an increased rent, reflective of the current
market rent.
The tenant responded and accepted all terms but requested a £2.00 psf reduction
on the quoting rent.
I undertook a covenant check and noted they had a good payment record. I revisited the comparable evidence and advised to my director that we could offer a £1.50 psf reduction to the quoting level, subject
to the occupier agreeing to reduce the rent-free incentive offered by one month, therefor increasing the Net Effective Rent.
Tenant accepted the offer.
Solicitors instructed to draft the new lease for signatories.

Question 16

Leasing/Letting - Level 2 (example 1, effie)

Answer 16

Industrial Unit, Leyton

fully understand a prospective tenant’s requirements to agree appropriate lease terms.
I met with the client to gain an understanding of their requirement, making note of their timeframe, specification, location, size of unit and any specific
requirements.
requested:
o Tenant only break option on 3rd anniversary.
o A licence to alter, in order to add a mezzanine floor

Question 17

Leasing/Letting - Level 2 (example 2, DTRE)

Answer 17

Industrial Unit, Hackney

I have also assisted the leasing teams in preparing marketing particulars to advertise new developments. I have assisted DTRE in preparing marketing materials for Bloom Hackney. I supported
throughout the development project to ensure the marketing particulars were updated having regard to the Consumer Protection Regulations

Question 18

Leasing/Letting - Level 3

Answer 18

Industrial Premises, Wimbledon - Growth Kitchen

1) Met with them
2) Checked availability
3) shortlist of properties
4) arrange inspections
5) market analysis
6) market rent
7) submit my proposal
8) negotiated terms
9) Settled below asking

Question 19

Development Appraisal - Level 2 (example 1, Rigg Approach)

Answer 19

Industrial Premises, Leyton - Residual Appraisal

1) Architects
2) Comparable evidence
3) establish the market rent
4) . I then appraised the scheme including construction costs, professional fees, finance costs and a fixed target profit on cost percentage.
5) determine the residual land value

Question 20

Development Appraisal - Level 2 (example 2, garatt)

Answer 20

Industrial Scheme, Wandsworth

1) ERV using comparable rental evidence and established an appropriate capitalisation rate using the most recent transacted investment evidence.
2) I established the appropriate build costs and purchase price for the land
3) Gross development Value (GDV)
4) internal excel model to
determine the development yield and profit.
5) appraisal reflected a development yield of approximately 5.5% and
a profit totalling above 20%.

Question 21

Development Appraisal - Level 3 (example 1, My second scheme)

Answer 21

Industrial Premises, Bloom Greenwich

1) Gather Comps
2) Verify
3) Market Rent
4) professional fees, construction
costs, contingency, demolition costs, and profit on cost, I made appropriate adjustments.
5) costs were subtracted from the GDV to derive the residual land value
6) scenario modelling, targeting a fixed profit-on-cost percentage
to determine an achievable residual land value.

Question 22

Development Appraisal - Level 3 (example 2, Edmonton)

Answer 22

Industrial Premises, Edmonton

1) residual development appraisal
2) two indicative industrial
schemes of similar quantum
3) gathered rental data
4) construction costs
5) 10% contingency
6) buildability and overall profit on costs of the five was better

Question 23

Data Management - Level 2 (example 1)

Answer 23

Works in Progress Schedule

1) ongoing instructions
2) Key updates would be identified
3) responsible for taking notes and updating the schedule.
4) the schedule would be saved in a password protected document.

Question 24

Data Management - Level 2 (example 2)

Answer 24

Bloom Enquiries Schedule

1) track enquiries
2) Key updates would be identified
3) responsible for taking notes and updating the schedule.
4) the schedule would be saved in a password protected document.

Question 25

Data Management - Level 3 (example 1)

Answer 25

Investment Transaction Database

1) Log Investments
2) Key details logged
3) responsible for inputting and updating the schedule.
4) the schedule would be saved in a password protected document.

Question 26

Data Management - Level 3 (example 2)

Answer 26

Industrial Market, London Analysis