Deck 5

Question 1

What are the different inspection purposes?

Answer 1

Valuation - factors that can influence the valuation - location, tenure, occupational details, defects

Property management

Agency - condition of the building, repair and maintenance issues, statutory compliance, services, marketability

Question 2

What are some characteristics of a building on inspection (internal)

Answer 2

• steel frame shop
• clean shell condition ready for tenants fit out
• services capped off

Question 3

What are the two different types of defect and why are they different?

Answer 3

• inherent defect - defect in design

• latent defect - defect that couldn’t be found in a reasonable inspection

Question 4

How would you measure an industrial unit?

Answer 4

In my time as a surveyo to have never measured an industrial unit, however I would adopt the method as per RICs code of measuring practice 6th edition - Gross Internal Area. This would include:

• areas including internal structural and non- structural walls
• wc’s, showers and changing rooms

& exclude:

• balconies
• fire escapes
• areas of ceiling heights lower than 1.5m

Question 5

How would you measure an office building?

Answer 5

I would follow the guidance in International Property Measuring Standards: Office Edition, this would include:

• measuring to the internal dominant face, aka the inside finished surface making up more than 50% of the floor to ceiling height of a wall

• the floor area available on an exclusive basis to an occupier

• excludes wc’s stairs, lifts ect