Real estate: the basics
"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 that are already working in the industry, and to give thos...
Gespeichert in:
Hauptverfasser: | , |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
London ; New York
Routledge
2022
|
Ausgabe: | First published |
Schriftenreihe: | The basics
|
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Zusammenfassung: | "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 that 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. |
Beschreibung: | Includes bibliographical references and index |
Beschreibung: | xix, 308 Seiten |
ISBN: | 9780367725433 9780367725488 |
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Datensatz im Suchindex
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adam_text | CONTENTS List of abbreviations Table of cases Table of statutes List of figures Acknowledgements xi xiv xvi XX xxi Introduction What is this book about? 1 Who is this book for? 1 What might you learn from this book? What this book will not do? 3 How is this book organised? 3 How should you use this book? 5 Notes 5 2 1 2 Real estate in context What is real estate? 6 Why is real estate so important? 7 How has the real estate market evolved? 8 What is the economic theory behind the market? 6 11
VI CONTENTS What factors impact the real estate market? How does real estate compare with other investment opportunities? 79 What are real estate’s key characteristics as an investment? 23 What are the main reasons for owning real estate? 23 Who owns real estate? 24 Notes 24 Further information 25 3 The diversity of real estate Why are we looking at the diversity of real estate? 26 How might real estate be diverse? 27 Why might real estate need to be diverse? Planning control and diversity 30 Commercial use 33 Educational institutions 36 Hospitality and leisure 37 Mixed use 38 Public buildings 39 Residential use 40 Retail use 43 Rural land use 44 Seabed and foreshore 46 And finally - some other uses 47 Notes 49 Further information 50 4 12 26 29 Real estate as an asset Why hold real estate? 57 Why invest in real estate? 57 How can you invest in real estate? 52 Trends in direct real estate investment 53 What are the drawbacks of directly investing in real estate? 57 Who invests in real estate? 6i How can real estate investment be financed? 51 61
CONTENTS Who finances real estate purchases? 64 How can value be added to a real estate asset? How can performance of real estate assets be measured? 69 Can real estate held as an asset also be a resource? 77 Notes 77 Further reading 72 5 64 Real estate as a resource 73 Why do organisations need real estate? 73 What are the purposes of corporate real estate? 73 The provision ofa product 74 The provision ofa service 77 Financing of expansion 80 Protection and preservation of heritage assets 83 Hybrid organisations 85 Assessing the performance ofcorporate real estate 8j Reducing the costs of holding corporate real estate 88 The increasing importance ofcorporate real estate 88 Notes 89 Further reading 91 6 Real estate people Why do we need to think about roles in real estate? 92 Chartered surveyors 93 Building surveyors 96 Estate agents 98 Real estate developers and investors ιοί Letting agents 104 Property and asset managers 108 Valuers П2 Legal professionals 775 Last but not least... 115 Notes 120 Further information 120 92 VÜ
viii CONTENTS 7 The basics ofreal estate law 122 Understanding land law 122 The law 123 What is land? 125 Fixtures and chattels 126 Ownership of land 128 Trusts of land 129 Proprietary estoppel 131 Co-ownership 132 Land registration 13y Failed legal estates and interests 142 Adverse possession 143 Andfinally - some advice on tackling legal problems 144 Further information 145 8 The landlord and tenant relationship 146 Why do we need to understand this topic? 146 What is a lease? 14y Characteristics of a lease 148 Demise 15о Reversion 157 Leasehold covenants 151 Enforcing leasehold covenants 13y How does a lease end? 159 Security of tenure 164 Long residential leases and leaseholder rights 166 Professional guidance 169 Further information 169 9 Interests in real estate Interests in real estate iyi Easements лу2 How are easements created? Profits a prendre луу Mortgages луу Rentcharges лу9 Rights of entry 179 171 луз
CONTENTS Freehold covenants 180 Estate contracts 185 Options i8j Overage i8j Waylea ves i8j Licences 188 Chancel repair liability 188 Statutory rights 188 Public rights 189 Registration of interests in real estate Looking ahead. .. 190 Notes 19 о Further information 190 10 189 Real estate transactions 191 What are real estate transactions? 191 What is a real estate agent? 191 Why use a real estate agent? 192 What are the duties of a real estate agent? 793 Acquisitions 198 Disposals 201 The stages of a real estate transaction 201 Notes 218 Further reading 219 π Real estate valuation concepts What is value? 220 What is value in relation to real estate? 220 What is the Red Book? 222 What is the purpose of valuation? 224 Why might valuations be required? 224 Who carries out valuations? 225 Are all valuations regulated by the Red Book? What are Terms of Engagement? 226 What must a valuation report include? 227 Can a valuation be ‘wrong’? 230 What is meant by the return? 23t What is meant by the yield? 231 220 225 IX
x CONTENTS What factors cause changes in yields? Notes 235 Essential reading 23 6 12 235 Real estate valuation methods 237 What does the valuation process entail? 237 What are the five methods of valuation? 241 Which valuation method should be used? 250 Notes 251 Further information 252 13 Effective real estate management 254 What is effective real estate management? 254 Effective management and the law 255 Asset types and management 255 What types of management structures are there? 256 Management timeframes 258 Key management considerations 25g Residential service charges 271 Regulation ofproperty managers 273 What happens if things go wrong? 273 Changing the management of residential long leaseholds 274 Conclusion 275 Notes 276 Further information 276 14 Contemporary issues in real estate Why do we need to be aware of contemporary issues? 279 Contemporary issues in real estate Conclusion 299 Notes 300 Further information 303 Index 279 280 305
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adam_txt |
CONTENTS List of abbreviations Table of cases Table of statutes List of figures Acknowledgements xi xiv xvi XX xxi Introduction What is this book about? 1 Who is this book for? 1 What might you learn from this book? What this book will not do? 3 How is this book organised? 3 How should you use this book? 5 Notes 5 2 1 2 Real estate in context What is real estate? 6 Why is real estate so important? 7 How has the real estate market evolved? 8 What is the economic theory behind the market? 6 11
VI CONTENTS What factors impact the real estate market? How does real estate compare with other investment opportunities? 79 What are real estate’s key characteristics as an investment? 23 What are the main reasons for owning real estate? 23 Who owns real estate? 24 Notes 24 Further information 25 3 The diversity of real estate Why are we looking at the diversity of real estate? 26 How might real estate be diverse? 27 Why might real estate need to be diverse? Planning control and diversity 30 Commercial use 33 Educational institutions 36 Hospitality and leisure 37 Mixed use 38 Public buildings 39 Residential use 40 Retail use 43 Rural land use 44 Seabed and foreshore 46 And finally - some other uses 47 Notes 49 Further information 50 4 12 26 29 Real estate as an asset Why hold real estate? 57 Why invest in real estate? 57 How can you invest in real estate? 52 Trends in direct real estate investment 53 What are the drawbacks of directly investing in real estate? 57 Who invests in real estate? 6i How can real estate investment be financed? 51 61
CONTENTS Who finances real estate purchases? 64 How can value be added to a real estate asset? How can performance of real estate assets be measured? 69 Can real estate held as an asset also be a resource? 77 Notes 77 Further reading 72 5 64 Real estate as a resource 73 Why do organisations need real estate? 73 What are the purposes of corporate real estate? 73 The provision ofa product 74 The provision ofa service 77 Financing of expansion 80 Protection and preservation of heritage assets 83 Hybrid organisations 85 Assessing the performance ofcorporate real estate 8j Reducing the costs of holding corporate real estate 88 The increasing importance ofcorporate real estate 88 Notes 89 Further reading 91 6 Real estate people Why do we need to think about roles in real estate? 92 Chartered surveyors 93 Building surveyors 96 Estate agents 98 Real estate developers and investors ιοί Letting agents 104 Property and asset managers 108 Valuers П2 Legal professionals 775 Last but not least. 115 Notes 120 Further information 120 92 VÜ
viii CONTENTS 7 The basics ofreal estate law 122 Understanding land law 122 The law 123 What is land? 125 Fixtures and chattels 126 Ownership of land 128 Trusts of land 129 Proprietary estoppel 131 Co-ownership 132 Land registration 13y Failed legal estates and interests 142 Adverse possession 143 Andfinally - some advice on tackling legal problems 144 Further information 145 8 The landlord and tenant relationship 146 Why do we need to understand this topic? 146 What is a lease? 14y Characteristics of a lease 148 Demise 15о Reversion 157 Leasehold covenants 151 Enforcing leasehold covenants 13y How does a lease end? 159 Security of tenure 164 Long residential leases and leaseholder rights 166 Professional guidance 169 Further information 169 9 Interests in real estate Interests in real estate iyi Easements лу2 How are easements created? Profits a prendre луу Mortgages луу Rentcharges лу9 Rights of entry 179 171 луз
CONTENTS Freehold covenants 180 Estate contracts 185 Options i8j Overage i8j Waylea ves i8j Licences 188 Chancel repair liability 188 Statutory rights 188 Public rights 189 Registration of interests in real estate Looking ahead. . 190 Notes 19 о Further information 190 10 189 Real estate transactions 191 What are real estate transactions? 191 What is a real estate agent? 191 Why use a real estate agent? 192 What are the duties of a real estate agent? 793 Acquisitions 198 Disposals 201 The stages of a real estate transaction 201 Notes 218 Further reading 219 π Real estate valuation concepts What is value? 220 What is value in relation to real estate? 220 What is the Red Book? 222 What is the purpose of valuation? 224 Why might valuations be required? 224 Who carries out valuations? 225 Are all valuations regulated by the Red Book? What are Terms of Engagement? 226 What must a valuation report include? 227 Can a valuation be ‘wrong’? 230 What is meant by the return? 23t What is meant by the yield? 231 220 225 IX
x CONTENTS What factors cause changes in yields? Notes 235 Essential reading 23 6 12 235 Real estate valuation methods 237 What does the valuation process entail? 237 What are the five methods of valuation? 241 Which valuation method should be used? 250 Notes 251 Further information 252 13 Effective real estate management 254 What is effective real estate management? 254 Effective management and the law 255 Asset types and management 255 What types of management structures are there? 256 Management timeframes 258 Key management considerations 25g Residential service charges 271 Regulation ofproperty managers 273 What happens if things go wrong? 273 Changing the management of residential long leaseholds 274 Conclusion 275 Notes 276 Further information 276 14 Contemporary issues in real estate Why do we need to be aware of contemporary issues? 279 Contemporary issues in real estate Conclusion 299 Notes 300 Further information 303 Index 279 280 305 |
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title | Real estate the basics |
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title_exact_search | Real estate the basics |
title_exact_search_txtP | Real estate the basics |
title_full | Real estate the basics Jan Wilcox, Jane Forsyth |
title_fullStr | Real estate the basics Jan Wilcox, Jane Forsyth |
title_full_unstemmed | Real estate the basics Jan Wilcox, Jane Forsyth |
title_short | Real estate |
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title_sub | the basics |
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