KA5020 - Property Asset Management

APPLY NOW BOOK AN OPEN DAY Add to My Courses Register your interest / Course PDF

What will I learn on this module?

The module introduces you to the concepts and practices of commercial and residential property asset management, including landlord and tenant relationships, leases, and an initial consideration of the legal and practical issues.

At the end of the module you will be able to identify the main legislation and important legal documents applicable to the surveyor’s role. You will be able to apply theory to practice and will have improved your work related skills in various fields.

An indicative outline syllabus is as follows:

• Leases and legal documents
• Rents, codes and lettings
• Service charges (commercial and residential)
• Rent Reviews
• Exit strategies
• Alienation
• Landlord and Tenant legislation
• Tenant Default
• Mixed use
• Residential property law
• The private rented sector
• Social housing

How will I learn on this module?

You will learn through lectures, seminars and independent learning. The lectures will give you the opportunity to learn about current issues in property asset management and business which allows you to build a cognitive framework; allowing you to begin to assimilate further knowledge and theory and enhancing your learning experience.

Seminar sessions will then allow you to develop your knowledge from the lectures. Seminar activities will involve you developing problem solving techniques through the use of case studies, real life scenarios and past exam papers. Site visits will also be incorporated to aid in bringing together theory and practice. Intertwined will be seminars on exam technique to aid in gaining the knowledge required to complete your assessments successfully.

Outside of formal teaching sessions you will be encouraged to carry out further investigation into the current practices and problems using appropriate forms of data and sources. This is to encourage independent learning and to help prepare you for your final year studies and/or placement year.

If you are in employment your workplace will be the main learning environment, in effect acting as a framework for property asset management. However, tutor support will be available via drop-in sessions throughout the module study period. If you are in employment it is recognised that there is the need for modes of blended learning delivery, experiential assessment, and opportunities to combine work and study through independent study, embedded learning opportunities, and relevant communications technologies. Lecture capture will be used to elaborate on the content contained in any teaching material along with audio recording and notes to support presentations on key topics.

How will I be supported academically on this module?

Your main support is via summative assessment which is broken down into two parts. The first assessment is a portfolio of commercial orientated tasks. The second assessment will be an examination based on the residential elements of the module.

In addition to the two summative assessments the seminars throughout the academic year are structured to allow you to investigate the variety of topics introduced during the lectures. During these activities you will be given the opportunity to develop your knowledge and practice the skills required for the formal assessments. By attempting the seminar activities on a weekly basis you are able use the feedback to improve your performance in the formal assessment.

Feedback as detailed above will be both formal and informal. Informal feedback will be provided within the seminar activities allowing you to use it to improve your work. Formal feedback will be given within the university timings and will give you more guidance on how to improve your work and your transferable skills.

Finally, tutors will respond to any questions posed via the module’s discussion board at the University’s eLearning Portal so that the whole group can benefit.

If you are in employment your workplace will be the main learning environment, however, tutor support will be available via drop-in sessions throughout the module study period. The eLP, telephone and email will be used as a means of communication once the initial briefings have taken place and work-based visits will be made by tutors if appropriate.

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

Key Text

Rodell, A. (2014) Commercial Property. Guildford: College of Law

Further Reading

Banfield, A. (2005) Stapleton’s Real Estate Management Practice. EG Books 4th edn
Edwards, V. & Elison, L. (2004) Corporate Property Management. Blackwell Publishing: Oxford
Haynes,B,& Nunnington, N. (2010) Corporate Real Estate Asset Management. EG Books.
Scarett,D. (2011) Property Asset Management .Oxon: Routledge 3rd edn
Williamson, C. (2014) Property Asset Management (with Fearon, D and Kelly, K), chapter in Real Estate Concepts – A Handbook, editor E. Jowsey, Routledge, London

www.bco.org.uk
www.bcsc.org.uk
www.bifm.org.uk
www.bpf.org.uk
www.egi.co.uk
http://www.isurv.com
www.rics.org.uk to include the following codes and guidelines:
Code of Leasing Business Premises
Commercial Property Management in England and Wales - 2nd edition
Service Charges in Commercial Property - 3rd edition

What will I be expected to achieve?

Knowledge & Understanding:
• ML01: Assess the obligations and responsibilities of the asset manager both in the commercial and residential property sectors.
• ML02: Understand and apply the main legislation applicable to the property asset manager’s role.
• ML03: Identify the important parts of leases and other legal documents and be able to apply this knowledge to practical situations.

Intellectual / Professional skills & abilities:
• ML04: Apply theoretical knowledge to practical situations relating to property asset management issues.

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
• ML05: Demonstrate the capacity for independent, evidence based thinking and decision making.

How will I be assessed?

Summative assessment: the assessment will be split between a portfolio (70%) and an exam (30%).

The 1st assessment is a portfolio of commercial orientated tasks and these will contribute 70% of the overall module assessment. There will be a series of linked tasks and you will have an opportunity to visit properties in order to assist you in this portfolio. The portfolio is designed to replicate aspects of professional practice, for example writing a letter to a tenant advising them how to respond to a notice received from a landlord. The tasks will assess ML01-05.

The 2nd assessment will be an examination based on the residential elements of the module that will account for the remaining 30% of the overall module assessment. It is scenario based and tests you on your ability to problem solve and advise clients. These are attributes required by employers. This exam will assess ML01-05.

Formative assessment: the seminars are structured to allow you to investigate the variety of topics introduced during the lectures. During these activities you will be given the opportunity to develop your knowledge and practice the skills required for the formal assessments. By attempting the seminar activities on a weekly basis you are able use the feedback to improve your performance in the formal assessment.


Feedback as detailed above will be both formal and informal. Informal feedback will be provided within the seminar activities allowing you to use it to improve your work. Formal feedback will be given within the university timings and will give you more guidance on how to improve your work and your transferable skills.

Pre-requisite(s)

None

Co-requisite(s)

None

Module abstract

‘Property Asset Management’ introduces you to the concepts and practices of commercial and residential property asset management, including landlord and tenant relationships, leases, and an initial consideration of the legal and practical issues.

At the end of the module you will be able to identify the main legislation and important legal documents applicable to the surveyor’s role. You will be able to apply theory to practice and you will have improved your work related skills in various fields.

Lectures and seminars incorporate practical exercises, site visits and directed learning in order to help you to understand the principles of property asset management and how this is carried out in practice.

The assessment will be by way of portfolio and formal examination. The tasks included in the exam and portfolio are designed to promote your analytical, problem solving and professional skills.

If you are in employment your workplace will act as a framework for property asset management to develop your analytical, problem solving and professional skills.

Course info

UCAS Code K440

Credits 20

Level of Study Undergraduate

Mode of Study 3 years full-time or 4 years with a placement (sandwich)/study abroad

Department Architecture and Built Environment

Location City Campus, Northumbria University

City Newcastle

Start September 2020

Fee Information

Module Information

Current, Relevant and Inspiring

We continuously review and improve course content in consultation with our students and employers. To make sure we can inform you of any changes to your course register for updates on the course page.

Your Learning Experience find out about our distinctive approach at 
www.northumbria.ac.uk/exp

Admissions Terms and Conditions - northumbria.ac.uk/terms
Fees and Funding - northumbria.ac.uk/fees
Admissions Policy - northumbria.ac.uk/adpolicy
Admissions Complaints Policy - northumbria.ac.uk/complaints