CONS06031 2019 Residential Management

General Details

Full Title
Residential Management
Transcript Title
Residential Management
Code
CONS06031
Attendance
N/A %
Subject Area
CONS - Construction
Department
CENG - Civil Eng. and Construction
Level
06 - NFQ Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2019 - Full Academic Year 2019-20
End Term
9999 - The End of Time
Author(s)
Barrie Cox
Programme Membership
SG_SPROP_C06 201900 Higher Certificate in Science in Property Services and Facilities Management SG_SPROP_E06 202000 Certificate in Property Services
Description

The module provides the student with an understanding of residential property management; both private sector rental management and the management of multi-unit developments on behalf of an Owners Management Company. 

The aim of the module is to introduce students to the residential property market in the context of property management. It also aim to ensure that students are familiar with the legal environment in which residential property; both private sector rentals and multi-unit developments are managed and the day to day issues faced by the residential property manager.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

A knowledge of the role of the agent in the context of Irish residential property management including an awareness of licensing requirements for residential lettings and multi-unit development management

 

 

 

2.

An understanding of legislative environment of residential lettings and in particular the Residential Tenancies Act 2004, Amendment Act 2015, 2016 and the minimum standards for private rented dwellings

3.

An awareness of the practical processes involved in residential lettings & management, the nature of a residential occupational lease and the relevant obligations of landlord and tenant.

4.

An appreciation of the differences between freehold property and long leasehold properties contained in Multi-Unit developments including an understanding of the structure of an owners management company and its relationship with individual owners

5.

An understanding of the structure and responsibilities of an owners management company and its relationship with individual owners including an appreciation of  processes involved in determining services required for  multi-unit development and owners management company to include procurement processes to ensure transparency with lessees/members, value for money and statutory compliance

Teaching and Learning Strategies

Lectures, tutorials, seminars and continuous assessment.

Module Assessment Strategies

Continuous assessment (40%) and Final Exam (60%)

Repeat Assessments

Repeat Continuous Assessment and/or Final Exam

Indicative Syllabus

This module may include, but is not limited to, the following topics:

  • Residential property and the determinants of rental value
  • The Irish Residential Property Market
  • The Residential Tenancies Act 2004
  • The Residential Tenancies Amendment Act 2015 & 2016
  • The Multi-Unit Development Act 2011
  • The Property Services Act 2011
  • The Residential Management Cycle
  • The Role of the property manager

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous Assessment Assessment 40 % Any 1,2,3,4,5
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 FInal Exam Final Exam Closed Book Exam 60 % End of Semester 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Not Specified Lecture 3 Weekly 3.00
Independent Learning Not Specified Independent Learning 4 Weekly 4.00
Total Full Time Average Weekly Learner Contact Time 3.00 Hours

Online Learning Mode Workload


Type Location Description Hours Frequency Avg Workload
Online Lecture Not Specified Online Lecture 1 Weekly 1.00
Directed Learning Not Specified Directed Learning 1 Weekly 1.00
Independent Learning Not Specified Independent Learning 4.84 Weekly 4.84
Workshop Not Specified Workshop 0.16 Weekly 0.16
Total Online Learning Average Weekly Learner Contact Time 2.16 Hours

Required & Recommended Book List

Required Reading
The essential guide to apartment living in Ireland Music Ireland Publications

Required Reading
SCSI Guides to Multi Unit Developments, Fire Safety and Anti-Social Behaviour in MUDs RICS Books

Required Reading
Renting in Ireland
ISBN 1910393118 ISBN-13 9781910393116
Recommended Reading
2008-06-06 Property Valuation Routledge
ISBN 9781134099290 ISBN-13 1134099290

Completely revised to incorporate recent developments in practice, this second edition of Douglas Scarretts established text describes the process of valuation of real estate through its five principal methods: comparative, investment, residual, profits and contractors methods. Unlike most existing texts, the book is designed to allow students to read about the methods either chapter-by-chapter or as a whole, thus enabling a deeper understanding of each in its own right as well as how they fit together. Discussing changes in retail practice and the role of accountants in looking at viability of businesses, the book features new case studies, enhanced visual aids, diagrams and tables to help readers visualize the process. It is essential reading for those studying property valuation, in addition to practitioners who will find useful guidance to underpin their practice.

Recommended Reading
2010-10-22 Property Asset Management Routledge
ISBN 9781136884818 ISBN-13 1136884815

Property asset management requires both the day-to-day oversight of rental properties as well as an ability to maximize the potential of the portfolio through forward thinking and practical planning. To be successful in property management, the individual must be flexible and proactive whilst maintaining a robust knowledge of technical, financial and legal aspects of the leasing system. These managers can have clients ranging from the individual property owner to large international commercial ventures. In Property Asset Management Douglas Scarrett sets out the principles and practice of managing properties for these different clients and their varying needs. As well as the basic theory, the book discusses the process of active management, the strategic objectives, performance measurement and the key financial and operational information which enables high quality and comprehensive reporting to clients. Software screenshots are used to illustrate salient points. This third edition has been extensively rewritten to include developments in property management, especially in the changing nature of the landlord tenant relationship. Scarrett is an experienced academic and professional who has created a practical guide for all those involved in the management of property. The book has also been written to cater for the needs of RICS accredited and business courses provided by Universities in the UK and overseas and provides readers with an overview of the legal aspects of land ownership and tenancy arrangements.

Recommended Reading
2010 Multi-owned Housing Ashgate Publishing, Ltd.
ISBN 0754675661 ISBN-13 9780754675662

This collection is the first comparative study of the issues raised by multi-owned residential developments. The chapters draw on the empirical research of leading academics in the fields of planning, sociology, law and urban, property, tourism and environmental studies, and consider the practical problems of managing this type of housing. The book offers lessons from experiences in the UK, the US, Australia, New Zealand, Israel, Hong Kong, Singapore and China.

Module Resources

Non ISBN Literary Resources

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Journal Resources

-

URL Resources

Daft Quarterly Reports, www.daft.ie

 

Other Resources
  • Multi-Unit Developments Act 2011
  • Residential Tenancies Act 2004
  • Residential Tenancies Amendment Act 2015 & 2016
  • SI 17 2017 Minimum Standards In Private Rented Dwellings
  • Living In Apartments – Fire Safety, Dublin City Council Website
Additional Information

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