Valuation Tutorial, Aberystwyth, 2 July 2015
•Descargar como PPTX, PDF•
1 recomendación•2,650 vistas
Slides for a short valuation update tutorial for CAAV (Central Association of Agricultural Valuers) Examination candidates for discussion on 2 July 2015 at Aberystwyth.
Recomendados
Recomendados
Más contenido relacionado
Destacado
Destacado (7)
Más de Charles Cowap
Más de Charles Cowap (15)
Último
Último (20)
Valuation Tutorial, Aberystwyth, 2 July 2015
- 1. Charles Cowap MBA MRICS FAAV Valuation Update CAAV Valuation Tutorial Aberystwyth 2 July 2015
- 2. Charles Cowap MBA MRICS FAAV Revisited ~ Valuation: a broad scheme Agree Terms of Engagement Must include: Defined Basis of Value .... Apply Valuation Methods Formal Reporting Requirements Follow up advice - publication issues Market Value Fair Value Worth Existing Use Value Other Basis?? Competence Purpose Assumptions Special Assumptions Inspection etc Sales comparison Investment approaches DRC Other? Extensive Revaluation Reinspection Appropriate publication
- 3. Charles Cowap MBA MRICS FAAV Past written papers: 2010-2014 2010 • Rent reviews on farms • Commercial rents • Conversion costs • Yield!!! (1 mark) 2011 • Part One Claim?? (4 marks) 2012 • Utility compensation – landlord and tenant (conflict?) • FBT Rent review basis (4 marks)
- 4. Charles Cowap MBA MRICS FAAV 2013 • MV of a small estate – key factors and different ‘methodologies’ – Arable land in hand – Arable land on 5 year FBT, 4 years to go – Arable land, tenancy commenced 1 June 1984 – Modern 3 bedroom cottage, subject to Ag Tie • 5 marks each! • CPO for a trunk road – should it be a DCO? – The 6 rules ….. (s5, LCA 1961) (6 marks) – Outline Heads of Claim – no figures required (4 marks)
- 5. Charles Cowap MBA MRICS FAAV 2014 • Mobile phone mast rent review basis (2 marks) – Factors affecting rent (6 marks) – Approx rent after review and Approx sale value of landlord’s interest (for 3 marks – explain your workings) • Basis of value for land for Fred who wishes to sell his one third share in a farm, occupied under AHA by his brother Bill who is also a one-third owner. (14 marks) Who might be the prospective purchasers? (2 marks)
- 6. Charles Cowap MBA MRICS FAAV Ham v Ham [2013] EWCA Civ 1301 • Farming partnership – Young John leaves family partnership – Mum and dad elect to buy out share • Calculation of ‘net value’? – John had introduced no capital – Land shown at book value – Book value or market value? • Market value – Need for clarity in partnership agreements
- 7. Charles Cowap MBA MRICS FAAV Freemont (Denbigh) Ltd v Knight Frank LLP [2014] EWHC 3347 (Ch) • A former asylum • A valuation for secured lending • Was Knight Frank liable when P relied on it to judge an offer on the property? • NO – Exclusively for secured lending purposes
- 8. Charles Cowap MBA MRICS FAAV Question Time
- 9. Charles Cowap MBA MRICS FAAV Contact Details Translating new knowledge for rural professional practice cdcowap@gmail.com 07947 706505 Twitter: @charlescowap Blog: http://charlescowap.wordpress.com/ Slideshare: http://www.slideshare.net/cdcowap