Students will need to understand the legal framework underpinning the management of commercial property including leases and licences, and contractual problems encountered during the currency of leases and how managers deal with them. Learners will also need to develop an understand the following:
- The process of statutory termination of business leases, lease renewal procedures, how to avoid granting security of tenure, the management of service charges and repairs, and how to avoid empty properties and the inherent costs associated with them.
- Town and country planning regulations and the re-development of commercial property, environmental considerations including the reduction of CO2 emissions and energy efficiency, managing commercial property within the context of asset value, which includes rent reviews, tenant selection and tenant mix, the marketing of commercial property, health and safety and risk assessment, equality including disabled access, and codes of practice.
- The management of properties within specific sectors experiencing significant change such as offices, shops and logistics warehouses.
To achieve credit for this module, students must be able to:
- Offer advice on the establishment of client objectives.
- Design and review a strategy for the delivery of client objectives.
- Design and execute procedures for operational management.
- Integrate and synthesise relevant information and principles from various disciplines including law and town and country planning to solve problems encountered in commercial property management.
|Coursework||Case study c.1,600 words||60%|
|Examination||Open note seen exam or alternative assessment as appropriate||40%|
Assessments may differ in 2021/22 due to adjustments for Covid-19. Please check Gateway for the latest regulations.