Real estate Management;
Context
This assignment is worth 100% of the module mark. It has been designed to enable you to demonstrate competence and understanding with respect to current issues within Real Estate Management as efficiently as possible. Your work will be assessed in accordance with the standard SHU assessment criteria for level 7 having regards to the learning outcomes for this module as specified within the module descriptor. This is available on Blackboard.
The expected word count is 3000 words, but I would encourage you to submit your assignment as an equivalence in the form of table(s).
The word count relates to your reasoned advice; not any template identifying the chosen ‘Heads of Terms’: this element can be excluded/ discounted.
Your task
Your task is to produce a ‘Heads of Terms’ for a new lease as described below for each of your two chosen scenario based upon the Code for Leasing Business Premises. You should, for each scenario, make explicit reference to professional body guidance and recommendations, whilst placing these within a market context and expressly stating the limitations associated with current and recommended/ best practice.
For each scenario you are required to:
(i) Identify, explain and evaluate the main objectives of both a hypothetical landlord and tenant
(40%)
(ii) Acting in the capacity of a quasi-independent expert, provide a hypothetical ‘identity of views’ recommendation with respect to an appropriate ‘compromise’ (if appropriate) in terms of resolving the competing objectives of the parties involved. This should facilitate the successful granting of a new lease having regards to current market conditions.
(60%)
Please ensure that you have regard to the 2007 Model Heads of Terms taken from the ‘Code for Leasing Business Premises’ to inform the contents of your assignment. You must have regards to current market conditions, evidence and professional guidance when undertaking this assignment. Module Assessment Criteria is available via the module descriptor.
You should reference all resources both directly used or consulted.
The Scenarios
Choose TWO differing scenarios and agree these with your tutor. Typical examples are shown below, (but you should agree your own scenarios with your tutor):
1 A secondary 2000m2 1970’s-built portal framed industrial unit situated within an industrial estate on the periphery of a northern ex-industrial town, e.g. Wigan/ Blackburn/Rotherham or Barnsley.
2 A prime 1500m2 ‘grade A’ office floor plate situated in the prime business district of a major UK city, e.g. London, Manchester, Bristol, Cardiff.
3 A mid-sized retail unit contained within the heart of a tourist-focused English city, e.g. York, Chester, Bath.
There must be clear differentiation in terms of market conditions and property types between your two selected scenarios.
Example of format & Content: Name – e.g. Spinningfields, Manchester
Head of Term Landlord Tenant Recommendation (60%)
Rent £X/m2 including brief evidence to support plus details of any incentives that a landlord would be open to having regards to their aims and objectives £x/m2 including brief evidence to support plus details of the considerable incentives that the tenant would be negotiating for Your recommendation to reconcile the competing aims of the two parties including reference to market evidence if appropriate and professional guidance
Term lease length required by a landlord having regards to market conditions with evidence to support if available lease length required by a tenant having regards to market conditions with evidence to support if available Your recommendation to reconcile the competing objectives with market-based reasoning
…this table will continue to cover all the model heads of terms – FRI v IR, alienation clause, ’54 Act protection, basis of rent review, break clauses etc….
I would recommend that you format this in ‘Landscape’, rather than ‘Portrait’, and that you consider the use of A3 paper if your tables become too congested.
If you have any questions or concerns regarding the requirements for this assignment, please speak to your tutor at the earliest opportunity.
Referrals
In the event of failing to obtain 40% at the first attempt, you will be required to choose two new scenarios in agreement with your tutor and replicate this exercise for your new choices.
Our Service Charter
-
Excellent Quality / 100% Plagiarism-Free
We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers. -
Free Revisions
We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed. -
Confidentiality / 100% No Disclosure
We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service. -
Money Back Guarantee
If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit. -
24/7 Customer Support
We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.