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E-raamat: Property Asset Management

(Formerly of De Montfort University, UK)
  • Formaat: PDF+DRM
  • Ilmumisaeg: 22-Oct-2010
  • Kirjastus: Routledge
  • Keel: eng
  • ISBN-13: 9780203839461
  • Formaat - PDF+DRM
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  • Formaat: PDF+DRM
  • Ilmumisaeg: 22-Oct-2010
  • Kirjastus: Routledge
  • Keel: eng
  • ISBN-13: 9780203839461

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Property asset management requires both the day-to-day oversight of rental properties as well as an ability to maximize the potential of the portfolio through forward thinking and practical planning. To be successful in property management, the individual must be flexible and proactive whilst maintaining a robust knowledge of technical, financial and legal aspects of the leasing system. These managers can have clients ranging from the individual property owner to large international commercial ventures.



In Property Asset Management Douglas Scarrett sets out the principles and practice of managing properties for these different clients and their varying needs. As well as the basic theory, the book discusses the process of active management, the strategic objectives, performance measurement and the key financial and operational information which enables high quality and comprehensive reporting to clients. Software screenshots are used to illustrate salient points.



This third edition has been extensively rewritten to include developments in property management, especially in the changing nature of the landlord tenant relationship. Scarrett is an experienced academic and professional who has created a practical guide for all those involved in the management of property. The book has also been written to cater for the needs of RICS accredited and business courses provided by Universities in the UK and overseas and provides readers with an overview of the legal aspects of land ownership and tenancy arrangements.
List of figures
xi
Table of cases
xii
Table of statutes and secondary legislation
xxi
Foreword xxvii
Preface xxix
Acknowledgements xxxi
1 The process of property asset management
1(27)
Introduction
1(2)
Definitions
3(3)
Organisation
6(1)
Resources
6(4)
Client relationship
10(1)
Management oversight
10(5)
Planned maintenance
15(1)
The maintenance plan
16(2)
Facilities provision
18(1)
Insurance cover
19(4)
Service charges
23(1)
Local taxation and Value Added Tax (VAT)
24(4)
2 The information and reporting base
28(9)
Introduction
28(2)
The essentials of any computerised system
30(5)
Maintenance and training
35(1)
Security
36(1)
Data protection legislation
36(1)
3 Estates and interests in land
37(27)
Introduction
37(1)
Background
38(2)
Components of real estate
40(10)
Public rights
50(2)
Legal estates in land
52(2)
Commonhold ownership
54(2)
Rentcharges
56(3)
Fixtures
59(2)
Adverse possession
61(3)
4 The landlord-tenant relationship
64(36)
Introduction
64(1)
An interest in land
65(1)
Contracts between landlord and tenant
66(3)
A licence
69(1)
The premises
69(1)
The parties
70(1)
Capacity of parties
71(1)
Commencement
72(1)
Duration
73(2)
Covenants
75(2)
Express covenants
77(16)
Privity of contract and of estate
93(1)
Provisos
94(3)
Distress
97(1)
Forfeiture
97(3)
5 Business tenancies: the statutory framework
100(40)
Introduction
100(3)
Definitions
103(8)
Continuation of tenancy
111(5)
Order for grant of a new tenancy
116(4)
Termination of tenancy
120(4)
Application for a new tenancy
124(1)
Miscellaneous matters
124(1)
Grounds for opposition to new tenancy
125(9)
Order for grant of new tenancy
134(2)
Compensation on termination of tenancy
136(4)
6 Business tenancies: rent reviews and third-party proceedings
140(39)
Introduction
140(2)
No provision for review
142(1)
The review clause
143(3)
Typical break clauses
146(3)
Procedure
149(10)
Basis of rent to be assessed
159(11)
Implementation
170(1)
Deeming provisions
170(1)
Miscellaneous
171(1)
Third-party determinations
171(8)
7 Residential lettings in the private sector
179(39)
Introduction
179(2)
The two codes
181(5)
Statutory tenancies
186(2)
Regulated tenancies
188(1)
Grounds for possession
189(3)
Restricted contracts
192(1)
Miscellaneous matters
193(3)
Tenancies under the housing act 1988
196(3)
Grounds for regaining possession of assured premises
199(6)
Long tenancies at low rents
205(2)
Qualifying condition
207(1)
Service charges in long leases of residential property
207(3)
Tied accommodation
210(2)
Multiple occupation
212(1)
Distress
212(1)
Repairs, improvements and grants
213(1)
Obligations in a lease
213(1)
Licences
214(2)
Public sector accommodation
216(1)
Shared ownership
217(1)
8 Strategic objectives
218(13)
Introduction
218(1)
Strategic property asset management
219(2)
Attributes
221(1)
Construction of portfolio
222(4)
Some reflections
226(1)
Current concerns
227(3)
The future
230(1)
9 Investment performance measurement
231(15)
Introduction
231(1)
Risk
232(1)
Yield
233(1)
Modern Portfolio Theory (MPT)
234(1)
Property investment performance measurement
235(1)
Property information
236(3)
Analysis
239(1)
The achieved returns
240(1)
Performance measurement
241(1)
Analysis
241(1)
Property databases
242(2)
Expert systems
244(1)
Conclusion
245(1)
10 Operational property management
246(16)
Introduction
246(1)
Aims and objectives
247(1)
Documentation
248(1)
Strategic management
248(1)
Recommendations
248(1)
Implementation
249(1)
Performance monitoring
249(1)
Availability
249(1)
Range of organisations holding operational land and buildings
250(11)
Conclusion
261(1)
Appendix
A Landlord and Tenant Act 1954 - current prescribed forms
262(1)
B Third-party proceedings - comparison of the advantages and disadvantages of arbitrators and independent valuers (as experts)
263(1)
Further reading 264(1)
Index 265
Douglas Scarrett is now retired from his last post as Director of Estate Management at De Montfort University where he was previously Deputy Head of the School of Land and Building Studies. He has been awarded an honorary Fellowship for services to the University and was joint founding editor of the Journal of Property Management.