KA5020 - Property Asset Management

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What will I learn on this module?

The module introduces you to the concepts and practices of commercial and residential property asset management, including landlord and tenant relationships, leases, and an initial consideration of the legal and practical issues.

At the end of the module you will be able to identify the main legislation and important legal documents applicable to the surveyor’s role. You will be able to apply theory to practice and will have improved your work related skills in various fields.

An indicative outline syllabus is as follows:

• Leases and legal documents
• Rents, codes and lettings
• Service charges (commercial and residential)
• Rent Reviews
• Exit strategies
• Alienation
• Landlord and Tenant legislation
• Tenant Default
• Mixed use
• Residential property law
• The private rented sector
• Social housing

How will I learn on this module?

You will learn through lectures, seminars and independent learning. The lectures will give you the opportunity to learn about current issues in property asset management and business which allows you to build a cognitive framework; allowing you to begin to assimilate further knowledge and theory and enhancing your learning experience.

Seminar sessions will then allow you to develop your knowledge from the lectures. Seminar activities will involve you developing problem solving techniques through the use of case studies and real life scenarios

Outside of formal teaching sessions you will be encouraged to carry out further investigation into the current practices and problems using appropriate forms of data and sources. This is to encourage independent learning and to help prepare you for your final year studies and/or placement year.

If you are in employment your workplace will be the main learning environment, in effect acting as a framework for property asset management. However, tutor support will be available via drop-in sessions throughout the module study period. If you are in employment it is recognised that there is the need for modes of blended learning delivery, experiential assessment, and opportunities to combine work and study through independent study, embedded learning opportunities, and relevant communications technologies. Lecture capture will be used to elaborate on the content contained in any teaching material along with audio recording and notes to support presentations on key topics.

How will I be supported academically on this module?

Your main support is via summative assessment which will support the completion of the report assignment.

In addition to the assessment, the seminars throughout the academic year are structured to allow you to investigate the variety of topics introduced during the lectures. During these activities you will be given the opportunity to develop your knowledge and practice the skills required for the formal assessments. By attempting the seminar activities on a weekly basis you are able use the feedback to improve your performance in the formal assessment.

Feedback as detailed above will be both formal and informal. Informal feedback will be provided within the seminar activities allowing you to use it to improve your work. Formal feedback will be given within the university timings and will give you more guidance on how to improve your work and your transferable skills.

Finally, tutors will respond to any questions posed via the module’s discussion board at the University’s eLearning Portal so that the whole group can benefit.

If you are in employment your workplace will be the main learning environment, however, tutor support will be available via drop-in sessions throughout the module study period. The eLP, telephone and email will be used as a means of communication once the initial briefings have taken place and work-based visits will be made by tutors if appropriate.

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

Key Text

Rodell, A. (2014) Commercial Property. Guildford: College of Law

Further Reading

Banfield, A. (2005) Stapleton’s Real Estate Management Practice. EG Books 4th edn
Edwards, V. & Elison, L. (2004) Corporate Property Management. Blackwell Publishing: Oxford
Haynes,B,& Nunnington, N. (2010) Corporate Real Estate Asset Management. EG Books.
Scarett,D. (2011) Property Asset Management .Oxon: Routledge 3rd edn
Williamson, C. (2014) Property Asset Management (with Fearon, D and Kelly, K), chapter in Real Estate Concepts – A Handbook, editor E. Jowsey, Routledge, London

www.bco.org.uk
www.bcsc.org.uk
www.bifm.org.uk
www.bpf.org.uk
www.egi.co.uk
http://www.isurv.com
www.rics.org.uk to include the following codes and guidelines:
Code of Leasing Business Premises
Commercial Property Management in England and Wales - 2nd edition
Service Charges in Commercial Property - 3rd edition

What will I be expected to achieve?

Knowledge & Understanding:
• ML01: Assess the obligations and responsibilities of the asset manager both in the commercial and residential property sectors.
• ML02: Understand and apply the main legislation applicable to the property asset manager’s role.
• ML03: Identify the important parts of leases and other legal documents and be able to apply this knowledge to practical situations.

Intellectual / Professional skills & abilities:
• ML04: Apply theoretical knowledge to practical situations relating to property asset management issues.

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
• ML05: Demonstrate the capacity for independent, evidence based thinking and decision making.

How will I be assessed?

Summative assessment: the assessment will be a report (100%)

The assessment is a report on a mixed use scheme of commercial and residential orientated tasks advising a client of asset management issues and this will be 100% of the module assessment. The tasks will assess ML01-05.

Formative assessment: the seminars are structured to allow you to investigate the variety of topics introduced during the lectures. During these activities you will be given the opportunity to develop your knowledge and practice the skills required for the formal assessments. By attempting the seminar activities on a weekly basis you are able use the feedback to improve your performance in the formal assessment.

Feedback as detailed above will be both formal and informal. Informal feedback will be provided within the seminar activities allowing you to use it to improve your work. Formal feedback will be given within the university timings and will give you more guidance on how to improve your work and your transferable skills.

Pre-requisite(s)

None

Co-requisite(s)

None

Module abstract

‘Property Asset Management’ introduces you to the concepts and practices of commercial and residential property asset management, including landlord and tenant relationships, leases, and an initial consideration of the legal and practical issues.

At the end of the module you will be able to identify the main legislation and important legal documents applicable to the surveyor’s role. You will be able to apply theory to practice and you will have improved your work related skills in various fields.

Lectures and seminars incorporate practical exercises and directed learning in order to help you to understand the principles of property asset management and how this is carried out in practice.

The assessment will be by way of a single assignment based on a mixed use scheme with a variety of asset management issues. The assignment is designed to promote your analytical, problem solving and professional skills.

If you are in employment your workplace will act as a framework for property asset management to develop your analytical, problem solving and professional skills.

Course info

Credits 20

Level of Study Undergraduate

Mode of Study 5 years part-time

Department Architecture and Built Environment

Location City Campus, Northumbria University

City Newcastle

Start September 2020 or September 2021

Fee Information

Module Information

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