RE3ALV-Agricultural Law and Valuation

Module Provider: Real Estate and Planning
Number of credits: 20 [10 ECTS credits]
Level:6
Terms in which taught: Autumn / Spring / Summer module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Mrs Angela Cropley

Email: a.cropley@reading.ac.uk

Summary module description:

An understanding of rural property law and valuation is key for rural surveyors. This module is therefore designed to prepare you for providing advice on agricultural/rural law and valuation issues.


Aims:
This module aims to provide students with an opportunity to explore the legal relationships between rural landlords and their tenants, and the financial, technical and market context of the appraisal of rural property value. It aims to develop an understanding of the legal codes that apply to different rural property types (agricultural; residential; commercial), and investigates the agricultural land market, the factors that influence it, and the methods of valuation that apply to rural property.

Assessable learning outcomes:

On completion of the module students should be able to:



• comment on how legislation affects agreements to occupy land;



• provide advice for owners and occupiers of let rural property by applying their understanding of the law to different situations;



• compare the different legal codes and their appropriateness to different types of agreement;



• comment critically on the agricultural land market and on the factors that influence it and the values of agricultural land; and



• demonstrate an understanding of the different methods of valuing rural property.


Additional outcomes:
The module also aims to develop students’ analytical skills, and their ability to apply them to legal and valuation scenarios, and communicate their recommendations to third parties effectively.

Outline content:

• Agricultural holdings legislation



• Farm business tenancies



• Joint ventures



• The legal framework governing residential property on the rural estate



• The legal framework governing commercial property on the rural estate



• Assessment of rental values



• End of tenancy valuations



• The UK market for agricultural property



• The objectives and aspirations of owners of different investment interests in agricultural land



• Methods of valuing the different interests in rural property, and the application of statute to various valuation situations and compulsory purchase


Brief description of teaching and learning methods:
One two-hour lecture per week, for which students will be expected to carry out preparatory reading.

Contact hours:
  Autumn Spring Summer
Lectures 20 20 2
Guided independent study 50 50 58
       
Total hours by term 70.00 70.00 60.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 60
Written assignment including essay 40

Other information on summative assessment:

The essay will have a guide length of 2000 words.


Formative assessment methods:

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:
    One two-hour examination.

    Requirements for a pass:
    A mark of at least 40% overall.

    Reassessment arrangements:

    Written assignement (40%) and Exam (60%)


    Last updated: 14 August 2017

    Letter 'IPO.MODCAT1STKT' - Generation started at 14/Aug/2017 10:47:31.18.

    Things to do now