Misc Flashcards
What is sustainability
development that meets the needs of the present without compromising the ability of future generations to meet their own needs
What are Green Leases
A green lease is a standard form lease with additional clauses included which provide for the management and improvement of the Environmental Performance of a building by both owner and occupier(s)
In January, the Law Society published its first bespoke guidance note on green leases, reflecting the fact that these are now front of mind across every sector of non-domestic real estate. RICS, along with a number of other industry representatives, contributed to the formulation of the guidance.
What are MEES
The Minimum Energy Efficiency Standard Rating is E and above currently.
What Impact Will the Prime Minister’s Recent Announcement Have On the Minimum Energy Efficiency (MEES) Regulations?
The Prime Minister has recently announced that the Government is pushing back the deadlines on some of its green commitments.
What were the MEES targets before the Prim Ministers announcement
C rating y 2027
&
B rating by 2030
What are the parts of the red book
- Intro
- Glossary
- (PS) Professional Standards
- (VPS) Valuation technical and Performance Standards
- (VGPA) Valuation practice guidance Applications
- International Valuation Standards
What are the SDLT rates
Freehold sales and transfers;
0% = up to £150k
2% = Next £150,001 to £250k
5% = above £250,000
New Leasehold sales and transfers:
0% = £0 - £150k
1% = 150.001 - £5m
2% = £5m and above
SDLT is paid on:
- purchase price of lease (Premium)
- Value of the annual rent (NPV)
NPV is calculated on total rent over the life of the lease. If NPV is less than £150k you don’t pay on that element.
What is the RICS Motto
Est Modus in Rebus
There is measure in all things
What does ESG stand for?
Economic
Social
Governance
What was the structure of the building in your case study
Brick built
Flat roof
Single glazed
Wooded surrounds
Had water and electric
No WC
