Get fully solved assignment, plz drop a mail with your sub code
computeroperator4@gmail.com
Charges rs
125/subject and rs 700/semester only.
our website is www.smuassignment.in
if urgent then call us
on 08791490301, 08273413412
DRIVE-SUMMER
2014
PROGRAM-Bachelor
of Business Administration
SEMESTER-6
SUBJECT
CODE & NAME-BBR602-Retail Project Property Management and Case Studies in
Retail
BK ID-B
1941
CREDIT
& MARKS-4 Credits, 60 marks
Q1.What
are the key points to be remembered for good record keeping?
(Explanation)
10
Answer.
Key
points to be remembered for good record keeping
Keeping records is
essential for a number of financial and legal reasons. Even after a tenant has
vacated your property or you have sold your property, you will preserve all the
documents related to these property dealings.
The kind of records
that should be retained pertains to:
·
Personal
·
Q2. What
are the essentials while buying a property?
(Explanation)
Answer.
Essentials when Buying a Property
Whether an individual is a first time buyer or an
experienced buyer of property, he or she has to fulfill some basic necessities.
The buyer has to plan, explore, and have patience to make it a profitable
purchase. It is considered prudent to seek the advice of professionals when
buying property. A real estate attorney can be of immense value here. Such an
attorney can help to protect the interests of the buyer during the transaction.
After the property to be purchased has been
identified, the buyer and the seller need to negotiate and settle the price.
The attorney can help draw up an
Agreement to Sell. The buyer normally pays 10% to 20% of the purchase price at
the time of signing the Agreement to Sell. The attorney also helps to conduct
the due diligence on the property. The
Q3. What
do you understand by catchment survey? Explain in detail
(Explanation)
10
Answer.
Catchment Survey
The study of a catchment area is usually done to
evaluate the quantum of business that can be generated from a particular
location. Catchment survey is mostly practiced in commercial retail properties.
In this survey, the local population in the nearby areas is surveyed. The
demographics including total population, number of target customers, income
levels, number of households, average family size, number of working couples,
number of children, number
Q4. Explain
property life cycle in detail.
(Explanation)
10
Answer.
Property life cycle
Property
life cycle is defined as the set of stages that a property passes through. A
property life cycle can be defined as a process of events that affects supply
and demand for property. These events may relate to demographic, economic and
emotional factors, influencing the property market.
Q5. Discuss
various approaches to manage retail property.
(Explanation)
10
Answer.
Approaches
to manage retail property
Approaches
to Managing Retail Property
Managing
the property is very important. A property manager manages the retail property
by considering the following four factors:
Tenancy Mix: The combination of the
retail tenants for maximising the income of the property is called tenancy mix.
Within the tenancy mix there will be
clustering and placement issues relating to the tenants and how they interact
with each other. The success approach is to place the retailers in a similar
business, close to each other, so that customers can easily shop. In malls, it is critical to manage the retail
tenant mix. For example, a mall with
500,000
sq. ft. needs to have at least one hyper market, an entertainment zone, a
shopping area, and a food court.
Q6. Explain
the following
(Non-Compete
Clause, Income Method of Property Valuation) 5,5
Answer.
Non-Compete
Clause
A
Non-Compete Clause (NCC), is a term used in contract law, under which one party
agrees not to enter into or start a similar profession or trade in competition
against another party. NCC is also called a Covenant Not to Compete.
While
signing a commercial lease, to protect your retail business, you need to fully
understand the details of the NCC. This states that within the same commercial
property like a mall, the landlord does not lease to another tenant who is in
the same business as you are. For example, if you owned a coffee shop within a
mall, then the landlord is
Get fully solved assignment, plz drop a mail with your sub code
computeroperator4@gmail.com
Charges rs
125/subject and rs 700/semester only.
our website is www.smuassignment.in
if urgent then call us
on 08791490301, 08273413412
No comments:
Post a Comment