MPlan Planning with Professional Placement / Course details

Year of entry: 2022

Course unit details:
Leases & Letting

Course unit fact file
Unit code PLAN10382
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 1
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

  1. Introduce the legal principles governing landlord and tenant relationships
  2. Explore the key elements of a commercial lease
  1. 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, successful students will be able to:

  1. Differentiate between a lease and a licence Draft ‘heads for terms’ for a commercial lease
  2. Summarise a commercial lease, identifying the management and value implications of different lease terms
  3. Identify different methods of disposal, the circumstances in which they are used and the advantages and disadvantages of each
  4. 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

There are two assignments,  both  individual.

Assignment one is worth 25% and asks you to prepare a short report and valuation of 500 words using the RICS Home Buyer Report Guidance (available on Blackboard).

Assignment two is worth 75% and asks you to prepare a maximum 1500 word marketing brochure for a property.

 

Feedback methods

Written summative feedback on assignments plus further informal feedback in class

Recommended reading

The course unit’s Leases & Lettings Workbook (available on Blackboard) covers most of what you need to know, but should you wish to explore any topics in more depth, you may find some or all of the following books helpful by way of further 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
Charles Nicholas Green Unit coordinator
Jack Rostron Unit coordinator

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