Professional and short courses
RICS APC: Commercial Rent Reviews Preparation Course
|Location||Marylebone, Central London|
|Faculty||Architecture and the Built Environment|
This evening class prepares you for the Royal Institution of Chartered Surveyors’ (RICS) assessment of professional competence (APC), focusing on commercial rent reviews.
We will cover practical examples of the major elements of handling commercial rent reviews including understanding the lease context, triggering reviews, constructing the rental valuation and resolving disputes in the event of failure to agree a revised rent. We will also cover important matters such as 'without prejudice', Calderbank offers and evidence ranking.
Who is this course for?
This course is suitable for you if you are undertaking the RICS APC final assessment on commercial property, planning and development, residential and valuation pathways.
The course is also for you if you already have a working understanding in the subject area but would like to undertake formal continuing professional development, refreshing or enhancing your skills.
|No course dates available|
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The course will provide a technical, professional and practical outlook on the subject matter. It will support those undertaking the valuation, landlord and tenant, and property management competencies of the APC.
You will gain an understanding of:
- rent reviews
- lease mechanisms for review including time of the essence
- lease drafting – rent review clauses
- the activation of the rent review
- rental determination
- handling a rent review dispute
- settling disputes
Teaching and learning methods
The course will be delivered using a formal lecture approach, and will give you the opportunity to interact using questions and answers throughout.
We will use a wide variety of learning methods and techniques including:
- sharing experiences with colleagues
- case studies
- debate and discussion
- self-directed reading and research
By the end of this course you will be able to:
- understand the way business leases provide for rent review
- appreciate how rent reviews are activated
- determine the important aspects of the review clause in terms of ascertaining the revised rent
- reflect on how leases provide for rental settlement by dispute resolution and how the parties may protect themselves on third-party costs
The knowledge and understanding gained from this course will help you demonstrate both a technical understanding and practical appreciation of how the topic matter is used in the surveying profession.
Michael joined the University of Westminster in 2009 and has extensive experience in the industry. He continues to practice as a chartered surveyor, specialising in landlord and tenant issues and commercial rating. He regularly receives appointments as arbitrator and independent expert from RICS and is one of the longest-serving chairmen of the RICS APC.
The programme counts for two hours of formal continuing professional development. A certificate of attendance will be available after the course.