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DRIVE-Spring 2015
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
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.
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
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.
The
stages of property life cycle are
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,
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
Get fully solved assignment. Buy online from website
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