Case Study Flashcards
(44 cards)
How was ‘putting and keeping the estate in good repair’ actioned?
- By carrying out appropriate works when necessary and to a good lasting standard
- When properties became vacant, ensuring that we took the opportunity to carry out works to upgrade them.
How did you look to improve the diversity of the estate?
By considering other options available for properties on the estate, such as holiday lets.
How did you judge that the property was left in an appropriate condition?
By considering the fact that the tenants had been in situ for 8 years, with two young children. There was no considerable damage to the property and nothing that was classed other than general wear and tear.
What was the process for returning the deposit?
After ensuring that there were no damages caused by the tenant to be covered, I agreed that the whole amount would be returned and actioned this with the accounts team within 10 days.
What else did you ensure when the property was returned with VP?
- Informed the insurers that the property was vacant
- Turned the water off at the main stoptap to reduce the risk of burst pipes
- Turned the heaters on low to regulate the heat and minimise the risk of damp.
- Gave a key to the estates foreman as asked him to inspect weekly.
What sort of tenancy agreement were the previous tenants on?
Assured Shorthold Tenancy
What was the basis of the original terms of business with Savills?
- At the time work was charged on an hourly fee.
Why did you not carry out the letting internally?
- Savills did not have a local lettings team and whilst we could have instructed a team further away, it would have been an inefficient use of time. Also would have had limited knowledge of the area.
How were properties occupied by family managed?
They weren’t, managed themselves.
How many months notice did the tenant have to serve?
Only one, in line with the rental payments.
Why was there such a big delay in the notice reaching you?
- Sent to the wrong office.
- Sent from that office to my colleague who was on annual leave at the time.
What form did you write to the client to inform them of the options to consider for the property?
Letter within an email
How did you consider how each option was appropriate to the wider estate?
- By considering them in line with the estate objectives
Why would the position of the property not effect the wider estate?
The remainder of the estate was within a ‘bubble’ in the village where as these other two were approx half a mile out of the village.
What legislation regulated the rules regarding septic tanks and sale
Environmental Permitting (England and Wales) Regulations 2016
General Binding Rules 2020
What is a septic tank?
A septic tank is an underground water-tight container which collects sewage and waste water from a property where the property is not connected to a mains sewer system.
What issues would the septic tank cause with selling?
- May need upgrading prior
- Limits mortgage lenders
Was the septic tank uncompliant?
Not that we were aware of, however due to its age and limited records of service or maintenance we would assume that it would need upgrading for a new purchaser.
How can you get around upgrading the septic tank?
By obtaining an environmental permit
What larger projects were on going on the estate?
- refurbishment of the principal residence used as a holiday let
- Refurbishment and reconfiguration of another estate owned property
What were the comestic imperfections throughout the property?
- Marks on paint
- Warn carpets, especially on stairs
- Poor grouting in bathroom
- screw holes etc.
What are some other reasons a property may be exempt from EPC rating?
- If the works were to devalue the property
- If the property was 50 sq.m or less
- If it was a business property
- If there was no heating in the property
Would it have been possible to get the property to a higher score?
Yes, we could have upgraded the property meet a C.
However, would involve internal wall insulation which compromises the space available especially in the bedrooms. Also increases the costs massively.
What other objectives did the chosen option meet?
- Retained the core of the estate
- Put and kept the property in good repair
- reduced the liability of the property