The Principles of Property Management presents the main tenets of administrative operations and maintenance of property and property management activities. The course covers the techniques and approaches for realizing the maximum value of the economic life of a property. Participants in this course also review the tools, skills and legislative responsibilities of providing a profession service to owners and tenants.
This course also forms part of the Diploma in Real Estate Brokerage programme. Persons interested in establishing a real estate brokerage firm are encouraged to explore the full diploma offering.
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Duration and Requirements
Class sessions are held once per week over 12 weeks between the hours of 5:00 p.m. and 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.
Award
A Certificate of Completion awarded upon successful completion of the course.
Course Content
- 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
- Market Research
- 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
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In the event that there is change to or cancellation of a programme before its scheduled start date, UWI-ROYTEC will as far as is reasonably possible, advise persons prior to the commencement of classes.