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Legislation & Regulation in SOE > Technical > Flashcards

Technical Flashcards

1
Q

Measuring an office

A

RICS Property Measurement 2018

  • Incorporates IPMS
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2
Q

Measuring retail or industrial

A

RICS Code of Measuring Practice 2015

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3
Q

Development Appraisal - within Red Book

A

IVS 140 Development Property

Development property = Interests where redevelopment is required to achieve highest and best use, or where improvements are being contemplated or in progress at the valuation date

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4
Q

What supplements IVS 140 Development Property?

A

RICS Professional Standard: Valuation of Development Property 2019

  • Facilitates practical implementation of IVS 140
  • Common basis of value is MV
  • DCF more suitable for complex/lengthy development schemes
  • Sensitivity analysis recommended
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Legislation & Regulation in SOE (3 decks)

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