Commercial Property Management
This conference will look at the law, practice, what constitutes best practice and how to pragmatically deal with typical problems and events that arise during property management. Whether a landlord or tenant management surveyor, this programme is a must for you.
| Start Date | Venue | Price | |
|---|---|---|---|
| 23 January 2014 | Eversheds Sutherland LLP, Birmingham | ||
| 6 March 2014 | Eversheds Sutherland LLP, Manchester | ||
| 13 March 2014 | Eversheds Sutherland LLP, Leeds | ||
| 3 April 2014 | Eversheds Sutherland LLP, London |
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
|
This event is sponsored in London by Hemlow Hemlow Ltd is a planned maintenance provider for commercial buildings in the South of England, supporting Property Management Companies, Landlords and Heritage sector clients. |
Take a building with its landlord, add a tenant (or a series of them), and give them a lease; and what have you got? A series of potential problems - and lots of fee potential for the person who can provide solutions.
The surveyor’s role is to provide property solutions by understanding the options, providing advice, managing the process, and managing the people on a broad range of property issues. It’s also about managing the demands and expectations of the landlord with those of the tenants.
One area where friction boils into disputes is in relation to service charges. The RICS Service Charge Code is being updated with some significant changes and this seminar will look at them and tell property managers what they need to know.
During the economic woes of the recent past, the tenant has been king; and landlords have offered concessions. There are strong signs that the property market’s confidence is returning, and with that, there needs to be a re-balancing and clawing back of those concessions in the minds of landlords. Yet the market is very different from one part of the country to another, but one constant is that retailers continue to struggle and collapse. It’s a balancing act for the property manager, and not easy to get right.
Speakers
- Peter Forrester FRICS, Chartered Surveyor; Chair of RICS Service Charge Professional Group
- Sean Brew, Regional Director of London, Lambert Smith Hampton
Programme
Introduction by the chairman
Issues that Landlords face
- Changes to Occupational Habits
- Banking crisis and Economic downturn
- Loss of rent, voids, empty rates and service charge
- Rise in internet shopping
- Sustainability – how Green are we?
- Role of Commercial Property Manager
What has the 2011 service charge code done for us?
What are the service charge challenges in 2014 and beyond?
What are the changes to the Code?
- A review of what was in it and whether it did what was required
- Non compliance by smaller landlords
- Using non standard accounting codes – isn't 22 enough?
- Deadlines on year end reporting
- Accountancy disclosure reporting
- Adding floor space, should the tenant pay more service charge?
- Objectives and scope of the revised code
- Where service charges bare no relation to the lease
- Service charge software
- Dealing with historic over, or under payments
Dealing with Rent Arrears and other debts
- The loss of distress
- The emergence of CRAP, I mean CRAR!
Mixed Use Service charges
- Is the residential code any good? Is it a hindrance to commercial premises?
- Management issues
- How to apportion costs
Break Clauses
- Must tenants pay rent beyond the break date?
- Form of the break notice – does a small error matter?
- Are the courts beginning to soften their approach to break options?
- Where does the recent case-law leave us?
Planned Maintenance and Service Charges
- Why are we frightened to get down to the nitty gritty
- A medium to long term plan gives comfort to both tenant and landlord
- What do we include and how do we assess it
- Can this be done by a Property Manager, or do we need specialist skills
- Does it make it easier to set up a ‘Turn Key’ lease?
Recovering from concessions
- Side letters and lease renewals
- Are ‘personal’ concessions really personal?
- The effect on guarantors
- Informal assignment and occupation arrangements – how to tidy them up
Party Walls – what’s it got to do with me?
A wall or floor that separates two owners, be it part of a building or a boundary wall. And can be a wall or floor partition or other structure separating buildings or parts of buildings in different ownership, such as in flats.
- Why is it important to property managers?
- Its definition in law and association with Access to Neighbouring Land Act
- Tenant or neighbour alterations can affect the landlord’s interest
- Its impact on retail, office, industrial and mixed use schemes
- Its impact on mezzanine floors
- When should I invoke party wall regulations
- What are the rules
- Can I stop neighbouring owners and occupiers from undertaking works?
The
- The Energy Act 2011
- What is energy efficiency?
- How to cut running costs
- Avoiding penalties
- Risk-free strategies
- What the future holds
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