Module: Estate Management

Module details

  • Module code

    3055
  • Module leader

    Simon Smith
  • Module Level

    6
  • Module credits

    15
  • Prerequisites

  • Min study time

    150 hours
  • Contact hrs

    45 hours
  • Teaching Period

    Semester 2

Module content

  • Identification and prioritisation of the economic, social and environmental objectives particular to different classes of rural estate owner.
  • Identification and appraisal of estate property interests; financial and management resources and the opportunities each provides.
  • Capital tax planning for estate owners.
  • Preparation and audit of whole estate plans.

Module outcomes

To achieve credit for this module, students must be able to:

  1. Assess a land owner’s objectives.
  2. Explain the need for capital tax planning in estate management.
  3. Devise strategic plans for rural estates to maximise property and other assets.
  4. Understand the context in which estate planning is undertaken with regard to corporate social responsibility and the contribution of rural estates to their surrounding communities.
  5. Advise landowners on the implementation of estate plans.

Assessment

Assessment Description Weighting
Coursework Case study 60%
Examination Open book exam (2 hours) 40%

Key texts

Students should be familiar with the content of the following:

  • Nix, J., Hill, P., Williams, N. and Bough, J. (2003). Land and Estate Management. 4th ed. Packard Publishing.

Supporting texts

  • Bailey, I. (March 2010). Will the Diversity of Rural Estates in England Ensure Future Financial Success? Savills.
  • Beedell, J. (Jul 2009). Working Positively with Rural Estates: The Scale and Contribution of Rural Estates and their Contribution to the East Midlands. East Midlands Development Agency.
  • Envirosystems (2004). The Role of Rural Estates in the Regeneration of the Rural Economy; Assignment Report for Business Link Northumberland. One NorthEast.
  • Savills Research Rural (Sep 2010). Estate Benchmarking Survey 2010. Savills.
  • Forum for the Future (2006). Rural Estate Sustainability: Leading by Example. Forum for the Future.
  • Prag, P. (2000). Rural Diversification. Estates Gazette.
  • Sayers, J. (2005). The Future of Rural Land Management: Annual Fellowship in Rural Land Management Report no.1. RAC & RICS.