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El. knyga: Real Estate: The Basics

  • Formatas: 308 pages
  • Serija: The Basics
  • Išleidimo metai: 23-Feb-2022
  • Leidėjas: Routledge
  • Kalba: eng
  • ISBN-13: 9781000532111
Kitos knygos pagal šią temą:
  • Formatas: 308 pages
  • Serija: The Basics
  • Išleidimo metai: 23-Feb-2022
  • Leidėjas: Routledge
  • Kalba: eng
  • ISBN-13: 9781000532111
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Real Estate: The Basics provides an easy-to-read introduction to the core concepts of the industry to students new to the subject or professionals changing direction within the sector.

The book encapsulates the key need to know aspects of Real Estate including the language of real estate; its value and contribution to countries GDP; its primary purpose, whether as an asset or as a resource; valuation concepts; asset classes; basic concepts of land law, and of landlord and tenant law; the increased role and importance of sustainability and technology; and an overview of the wide range of professionals involved in the industry. Readers will come to appreciate how the different elements of the profession fit together, and the professional standards and practices that may apply.

Real Estate: The Basics will be helpful reading for anyone thinking about studying Real Estate, Property, or other Built Environment topics. It could be used to teach across a wide variety of courses, to provide an aide memoire to those who are already working in the industry, and to give those who are responsible for appointing and monitoring real estate advisers a greater understanding of the workings of the real estate sector.
List of abbreviations
xi
Table of cases
xiv
Table of statutes
xvi
List of figures
xx
Acknowledgements xxi
1 Introduction
1(5)
What is this book about?
1(1)
Who is this book for?
1(1)
What might you learn from this book?
2(1)
What this book will not do?
3(1)
How is this book organised?
3(2)
How should you use this book?
5(1)
Notes
5(1)
2 Real estate in context
6(20)
What is real estate?
6(1)
Why is real estate so important?
7(1)
How has the real estate market evolved?
8(3)
What is the economic theory behind the market?
11(1)
What factors impact the real estate market?
12(7)
How does real estate compare with other investment opportunities?
19(4)
What are real estate's key characteristics as an investment?
23(1)
What are the main reasons for owning real estate?
23(1)
Who owns real estate?
24(1)
Notes
24(1)
Further information
25(1)
3 The diversity of real estate
26(25)
Why are we looking at the diversity of real estate?
26(1)
How might real estate be diverse?
27(2)
Why might real estate need to be diverse?
29(1)
Planning control and diversity
30(3)
Commercial use
33(3)
Educational institutions
36(1)
Hospitality and leisure
37(1)
Mixed use
38(1)
Public buildings
39(1)
Residential use
40(3)
Retail use
43(1)
Rural land use
44(2)
Seabed and foreshore
46(1)
And finally -- some other uses
47(2)
Notes
49(1)
Further information
50(1)
4 Real estate as an asset
51(1)
Why hold real estate?
51(1)
Why invest in real estate?
51(1)
How can you invest in real estate?
52(1)
Trends in direct real estate investment
53(4)
What are the drawbacks of directly investing in real estate?
57(4)
Who invests in real estate?
61(1)
How can real estate investment be financed?
61(3)
Who finances real estate purchases?
64(1)
How can value be added to a real estate asset?
64(5)
How can performance of real estate assets be measured?
69(2)
Can real estate held as an asset also be a resource?
71(1)
Notes
71(1)
Further reading
72(1)
5 Real estate as a resource
73(19)
Why do organisations need real estate?
73(1)
What are the purposes of corporate real estate?
73(1)
The provision of a product
74(3)
The provision of a service
77(3)
Financing of expansion
80(3)
Protection and preservation of heritage assets
83(2)
Hybrid organisations
85(2)
Assessing the performance of corporate real estate
87(1)
Reducing the costs of holding corporate real estate
88(1)
The increasing importance of corporate real estate
88(1)
Notes
89(2)
Further reading
91(1)
6 Real estate people
92(1)
Why do we need to think about roles in real estate?
92(1)
Chartered surveyors
93(3)
Building surveyors
96(2)
Estate agents
98(3)
Real estate developers and investors
101(3)
Letting agents
104(4)
Property and asset managers
108(4)
Valuers
112(3)
Legal professionals
115(1)
Last but not least...
115(5)
Notes
120(1)
Further information
120(2)
7 The basics of real estate law
122(24)
Understanding land law
122(1)
The law
123(2)
What is land?
125(1)
Fixtures and chattels
126(2)
Ownership of land
128(1)
Trusts of land
129(2)
Proprietary estoppel
131(1)
Co-ownership
132(5)
Land registration
137(5)
Failed legal estates and interests
142(1)
Adverse possession
143(1)
And finally -- some advice on tackling legal problems
144(1)
Further information
145(1)
8 The landlord and tenant relationship
146(25)
Why do we need to understand this topic?
146(1)
What is a lease?
147(1)
Characteristics of a lease
148(2)
Demise
150(1)
Reversion
151(6)
Leasehold covenants
157(1)
Enforcing leasehold covenants
157(2)
How does a lease end?
159(5)
Security of tenure
164(2)
Long residential leases and leaseholder rights
166(3)
Professional guidance
169(1)
Further information
169(2)
9 Interests in real estate
171(20)
Interests in real estate
171(1)
Easements
172(1)
How are easements created?
173(4)
Profits a prendre
177(1)
Mortgages
177(2)
Rentcharges
179(1)
Rights of entry
179(1)
Freehold covenants
180(5)
Estate contracts
185(2)
Options
187(1)
Overage
187(1)
Way leaves
187(1)
Licences
188(1)
Chancel repair liability
188(1)
Statutory rights
188(1)
Public rights
189(1)
Registration of interests in real estate
189(1)
Looking ahead ...
190(1)
Notes
190(1)
Further information
190(1)
10 Real estate transactions
191(29)
What are real estate transactions?
191(1)
What is a real estate agent?
191(1)
Why use a real estate agent?
192(1)
What are the duties of a real estate agent?
193(5)
Acquisitions
198(3)
Disposals
201(1)
The stages of a real estate transaction
201(17)
Notes
218(1)
Further reading
219(1)
11 Real estate valuation concepts
220(17)
What is value?
220(1)
What is value in relation to real estate?
220(2)
What is the Red Book?
222(2)
What is the purpose of valuation?
224(1)
Why might valuations be required?
224(1)
Who carries out valuations?
225(1)
Are all valuations regulated by the Red Book?
225(1)
What are Terms of Engagement?
226(1)
What must a valuation report include?
227(3)
Can a valuation be `wrong'?
230(1)
What is meant by the return?
231(1)
What is meant by the yield?
231(4)
What factors cause changes in yields?
235(1)
Notes
235(1)
Essential reading
236(1)
12 Real estate valuation methods
237(17)
What does the valuation process entail?
237(4)
What are the five methods of valuation?
241(9)
Which valuation method should be used?
250(1)
Notes
251(1)
Further information
252(2)
13 Effective real estate management
254(25)
What is effective real estate management?
254(1)
Effective management and the law
255(1)
Asset types and management
255(1)
What types of management structures are there?
256(2)
Management timeframes
258(1)
Key management considerations
259(12)
Residential service charges
271(2)
Regulation of property managers
273(1)
What happens if things go wrong?
273(1)
Changing the management of residential long leaseholds
274(1)
Conclusion
275(1)
Notes
276(1)
Further information
276(3)
14 Contemporary issues in real estate
279(26)
Why do we need to be aware of contemporary issues?
279(1)
Contemporary issues in real estate
280(19)
Conclusion
299(1)
Notes
300(3)
Further information
303(2)
Index 305
Jan Wilcox is a Fellow of the Royal Institution of Chartered Surveyors and a Senior Fellow of the Higher Education Academy. She spent 20 years working, mainly in property asset management, for a variety of institutions including Fenn Wright, Transport for London, the Crown Estate, Hammerson plc, and Merrill Lynch Investment Managers before moving into lecturing in higher education. She is now a Senior Lecturer in Real Estate at the University of Westminster, Senior Lecturer in Management at the University of Suffolk, and an examiner for the Institute of Residential Property Management. She is also co-author of Property Asset Management, 4th Edition, Routledge, 2018.

Jane Forsyth is a Chartered Surveyor, a former property solicitor, a Fellow of the Institute of Residential Property Management, and an accredited landlord. She has 30 years experience in the real estate sector including as director of her residential management business. Jane is now Associate Lecturer at Oxford Brookes University and Associate Tutor at the University College of Estate Management, UK. She also mentors RICS candidates and is an APC Assessor.