Current Property Issues 2020

The Point at Lancashire County Cricket Club
Stretford M16 0PX
United Kingdom

Date: Tuesday 17 Mar 2020

Time: 09.30-17.00

CPD Hours: 6

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£109
+VAT
£130.80 (incl. VAT)
Cost including lunch:
£124+VAT £148.80 (incl. VAT)
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KEY SUBJECTS

  • CASE LAW UPDATE
  • PROPERTY VALUATION: APPROACHES, METHODS AND MODELS
  • 10 QUESTIONS SURVEYORS ASK – OR SHOULD ASK – LAWYERS
  • SERVICE CHARGES: THE NEW RICS COMMERCIAL PROFESSIONAL STATEMENT – COMPLYING WITH THE NEW STANDARDS
  • THE MEES REGULATIONS – ISSUES AND OPPORTUNITIES FOR COMMERCIAL PROPERTY
  • WHY MANCHESTER, WHAT’S NEXT, AND HOW REAL ESTATE MADE THE DIFFERENCE
  • BUSINESS RATES – A STATUS UPDATE AND THOUGHTS ON THE FUTURE

SPEAKERS

Sarah Thompson-Copsey, Non-Practising Solicitor, Legal Lecturer and Trainer

Nick French, Real Estate Valuation Theurgy, Property Education

Peter Forrester, Chairman RICS Service Charge Code Steering Group

Ben Strange, Director, Mobius Building Consultancy Ltd

Stephen Hogg, Head of JLL Manchester office

Josh Myerson, Partner, Head of Rating, Montagu Evans LLP

CONFERENCE PROGRAMME

09.30am CHAIRMAN’S INTRODUCTION

CASE LAW UPDATE

A practical review of recent commercial property and landlord and tenant cases which currently includes:

  • The Supreme Court on ‘reasonableness’: Sequent v Hautford
  • The Debenhams CVA – forfeiture and future rent
  • Proper exercise of rights of entry and inspection: New Crane v Dovener; Windsor-Clive v Rees
  • Relief from forfeiture: the Supreme Court in Manchester Ship Canal; SHB v Cribbs
  • Waiver – lessons from Brar v Thirunavukkrasu
  • 1954 Act – contracting-out queries: TFS v BMG
  • Reasonable endeavours – how hard must you work? Gaia v Abbeygate

Sarah Thompson-Copsey, Non-Practising Solicitor, Legal Lecturer and Trainer

PROPERTY VALUATION: APPROACHES, METHODS AND MODELS

This presentation will provide a detailed overview of the need to discuss the Valuation Approach used under the RICS valuation – Global Standards 2017, specifically relating to the Income Approach.

  • Report Writing and the RICS Red Book – confirming the approach
  • The Income Approach – Investment Method, Profits Method and Residual Method
  • Valuation models – Valuing a multiple let office building by explicit and implicit methods
  • Explicit DCF vs Implicit ARY – “Don’t throw the baby out with the bathwater”
  • The simplicity of implicit property valuation models – capturing experience and market knowledge

Nick French, Real Estate Valuation Theurgy, Property Education

10 QUESTIONS SURVEYORS ASK – OR SHOULD ASK – LAWYERS

This session will look at a number of questions surveyors often ask lawyers – together with some that should be asked!

  • What happens if the tenant company doesn’t exist?
  • Can you lock or block a right of way?
  • Why is giving permission to park sometimes very unwise?
  • How can security of tenure arise if the tenant occupies for less than 6 months?
  • What happens if the tenant stays after lease expiry?
  • What should be done about unascertained sums on breaking a lease?
  • Granting commercial leases in mixed-use buildings – is there a problem?
  • Why does vacant possession not always matter at the end of the lease?
  • Is Brexit frustrating?
  • How do I complain about a solicitor?

Sarah Thompson-Copsey, Non-Practising Solicitor, Legal Lecturer and Trainer

SERVICE CHARGES: THE NEW RICS COMMERCIAL PROFESSIONAL STATEMENT – COMPLYING WITH THE NEW STANDARDS

RICS Service Charges in Commercial Property Professional Statement, 1st edition superseded all previous RICS guidance in the field as of April 2019. As a leading authority in the field of service charges and chairman of the RICS Service Charge professional group, Peter Forrester will take an in-depth look at the principles established in the statement and give practical guidance as to how these can be implemented in day-to-day practice.

  • Acting in accordance with the nine mandatory requirements for RICS members and firms
  • Core principles underpinning mandatory requirements explained
  • Best practice to support the core principles
  • Dealing with service charge disputes under the new professional statement

Peter Forrester, Chairman RICS Service Charge Code Steering Group

THE MEES REGULATIONS – ISSUES AND OPPORTUNITIES FOR COMMERCIAL PROPERTY

This talk will be different from the one given at Manchester last year

The MEES Regulations were introduced in April 2018, prohibiting lettings of properties with F or G EPC ratings.  The UK Government are now consulting on raising the lettable standard to a minimum EPC rating of B by 2030.

The potential issues and opportunities for Landlords and Tenants respectively are many and various, and will become ever more present with the increasing focus on climate change matters.  The impact on commercial property stands to be greater than many have anticipated.  This talk will cover:

  • Tenants’ tactical use of MEES in dilapidations, rent reviews, service charge disputes and other lease scenarios
  • How to protect your asset against a Tenant using MEES tactics
  • How a Landlord can ensure their portfolios comply, at minimum cost
  • How can we prepare for a minimum standard of EPC B by 2030?
  • Spotting non-compliant buildings – are these an investment opportunity?

Ben Strange, Director, Mobius Building Consultancy Ltd

WHY MANCHESTER, WHAT’S NEXT, AND HOW REAL ESTATE MADE THE DIFFERENCE

  • At the end of the last decade Manchester and Birmingham were ‘competing‘ to be the UK’s second city. As we begin a new decade Manchester has moved ahead of Birmingham and has claimed the UKs second City Crown – why?
  • Real Estate was firmly at the centre of this strategy and success and we will examine how and why this was achieved.
  • To keep its Crown Manchester must keep moving! To do this the city has kept Real Estate at the centre of its strategy and we will consider its options, opportunities and what this means for the City’s Property market.

Stephen Hogg, Head of JLL Manchester office

BUSINESS RATES – A STATUS UPDATE AND THOUGHTS ON THE FUTURE

Three years into the 2017 Rating Revaluation and the system is creaking at the edges. With appeal volumes down but a liability that continues to rise, this talk will set the scene on where Rating is at present, changes on the immediate horizon and some thoughts on much needed reform.

  • Rating valuation and liability basics
  • The 2017 Revaluation – The Lost List
  • The 2021 Revaluation – what it means for the average ratepayer
  • The future of the Rating system – thoughts on fixing (or replacing) a broken system

Josh Myerson, Partner, Head of Rating, Montagu Evans LLP

5.00 pm CLOSE OF PROCEEDINGS

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Current Property Issues 2020

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