MPRE Master of Planning with Real Estate

Year of entry: 2022

Course unit details:
Leases & Letting

Unit code PLAN10382
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 2
Offered by Planning and Environmental Management
Available as a free choice unit? Yes

Overview

·         Week 1 Lecture:
Introduction to leases and licenses and the key components of a lease
 

·         Week 2: Workshop
Negotiating and recording heads of terms; parties, parcels and term
 

·         Week 3 Lecture:
Rent, rent reviews and service charges
 

·         Week 4 Lecture:                                                                        Week 4 Drop-in Workshop
Repairs, alternations, insurance, alienation and user                    Assignment 1 surgery
 

·         Week 5 Workshop
Rent review negotiation exercise
 

·         Week 6: Reading Week.
 

·         Week 7 Lecture:
Lease termination and renewal; remedies for breach of contract
 

·         Week 8 Workshop:
Code of Practice for Commercial Leases in England and Wales 2007
 

·         Week 9 Workshop:
Lease drafting exercise
 

·         Week 10 Workshop:
Lease summarizing and recording exercise
 

·         Week 11 Lecture:                                                                       Week 11 Drop-in Workshop:
Method of disposal – private treaty, auction and tender              Assignment 2 surgery
 

·         Week 12 Workshop:
Regulation of estate agency case study exercise – professional regulation and statute

Aims

  • Introduce the legal principles governing landlord and tenant relationships
     
  • Explore the key elements of a commercial lease

 

  • Examine the implications of lease terms in the value and management of commercial property

 

  • Introduce alternative methods of disposal of property

 

  • Explore the regulatory framework governing estate agency

Learning outcomes

On completion of this unit successful students will be able to:

 

  • Differentiate between a lease and a licence
     
  • Draft ‘heads for terms’ for a commercial lease
     
  • Summarise a commercial lease, identifying the management and value implications of different lease terms
     
  • Identify different methods of disposal, the circumstances in which they are used and the advantages and disadvantages of each
     
  • Appreciate the legal and regulatory framework governing the letting and sale of commercial property
     
  • Communicate legal principles and professional advice effectively though the preparation of professional reports

Syllabus

·         Week 1 Lecture:
Introduction to leases and licenses and the key components of a lease
 

·         Week 2: Workshop
Negotiating and recording heads of terms; parties, parcels and term
 

·         Week 3 Lecture:
Rent, rent reviews and service charges
 

·         Week 4 Lecture:                                                                        Week 4 Drop-in Workshop
Repairs, alternations, insurance, alienation and user                    Assignment 1 surgery
 

·         Week 5 Workshop
Rent review negotiation exercise
 

·         Week 6: Reading Week.
 

·         Week 7 Lecture:
Lease termination and renewal; remedies for breach of contract
 

·         Week 8 Workshop:
Code of Practice for Commercial Leases in England and Wales 2007
 

·         Week 9 Workshop:
Lease drafting exercise
 

·         Week 10 Workshop:
Lease summarizing and recording exercise
 

·         Week 11 Lecture:                                                                       Week 11 Drop-in Workshop:
Method of disposal – private treaty, auction and tender              Assignment 2 surgery
 

·         Week 12 Workshop:
Regulation of estate agency case study exercise – professional regulation and statute

Teaching and learning methods

A range of teaching and learning methods will be adopted with conventional lectures used to introduce the topics in a structured manner. Workshops will be used to apply legal principles in a range of contexts and to facilitate critical debate about key issues in the theory and practice of landlord and tenant law.

 

All unit material will be available online. Formative feedback will be provided through Q&A, discussion and interactive activities within lectures and workshops. Verbal feedback will be available on coursework discussed during consultation hours and assignment surgeries. Where appropriate, the discussion board on Blackboard will be used as a repository for FAQs.

Assessment methods

Assessment activity

Length required

Weighting within unit

Group activity (in pairs), individual submission:

Rent review negotiation exercise

500 words

25%

Individual submission:

Professional report on scenario-based landlord and tenant problem

1,500 words

75%

 

Recommended reading

Card R. and Murdoch J. (2011) Real Estate Management Law Oxford: OUP
 

Galbraith A. (2010) Galbraith’s Building and Land Management Law for Students Abingdon: Routledge

Murdoch J. (2014) Law of Estate Agency London: Estates Gazette

 

Wood D., Chynoweth P., Adshead J. and Mason J. (2011) Law and the Built Environment Oxford: Wiley-Blackwell

Study hours

Scheduled activity hours
Lectures 13
Independent study hours
Independent study 87

Teaching staff

Staff member Role
Mark Shepherd Unit coordinator

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