Topic 13 - Assessing the property Flashcards
1
Q
Basic info required
A
- Address/Plot number
- Purchase price
- Type of property
- Tenure of property
- No. and type of rooms/accommodation
- Vacant possession available
-Alteration proposed - Proposed use of the property
-Name of the builder/NHBC
Inspection arrangements
Expected rental income
2
Q
Disputes that affect property value
A
Boundaries
trees/hedges
access
noise
3
Q
reinsurance
A
Insurer passes risk to another insurer or company in return for a premium
4
Q
Flood re scheme
A
- Annual levy
- Premium excess
- Increased competition
- Claims and settlement
- Eligibilty
5
Q
Gross Yield
A
reent as a percentage price
6
Q
Net yield
A
rent minus running costs as a percentage of purchase price
