Principles of Property Management
This course presents the main tenets of administrative operations and maintenance of property and property management activities. The course will cover techniques and approaches to realize the maximum value of the economic life of a property. In addition, the course will review the tools, skills and legislative responsibilities of providing a profession service to owners and tenants.
Duration: 12 weeks
Schedule: 5:00 p.m. - 8:00 p.m.
Participants will be expected to show some evidence of having worked or studied in the field of Property Management or Real Estate.
Certificate of completion for credit hours completed successfully. Participant must pass the course in order to get the award.
Introduction to Property Management
Professional Property Management
Residential Property Management
- What is Property Management
- Types of Properties, Landlords, and Operations
- Responsibilities and Relationship of Landlord, Tenant and Property Manager
Commercial and Industrial Property
The Management Agreement
- Description clauses
Market Research and Tenant Selection
Leases and Tenancy Agreements
- Tenancy types, Residential Tenancy Agreement
- Non-Residential Leases and their Interpretation
- Commercial Leases, typical and specific clauses, retail lease, building lease
- Lease negotiation
- The leasing process
- Marketing planning (Analysis, trends, Vacancy rate, advertising, approaching perspective tenants, Inducements, Space planning)
- Market Indicators
Tenant Selection - Residential, Commercial, Industrial, Shopping Centre tenants
Property Management Accounting
Management and Administrative Procedures
- Leasing & Personnel Management (overview)
Physical and Operational Property Management
- Physical management and maintenance programme
- Safety & Security
- Environmental considerations, Energy Conservation
Professional Conduct and Risk Management