How big is my business space?
How big is my business space?
- 2004
- Estates Gazette (0442) 16 October 2004, 156-157(2) .
This "Mainly for Students" article focuses on a number of issues relating to the measurement of property. Discusses core measurement definitions Net Internal Area and Gross External Area used in the RICS "Code of measuring practice" (ISBN 1842190601) which although is not mandatory promotes good practice. Lists a range of factors which should also be taken into consideration such as: lease measurements; lease terms; car parking; not relying on photocopied plans without verifying scale use; measuring instruments; and reinstatement cost assessments. Focuses on the valuation and measurement of shops looking at zoning and good local market practice. Notes that the RICS Property Measurement Group periodically updates the code.
RICS CODE OF MEASURING PRACTICE
MANDATORY
COMPLIANCE
BEST PRACTICE
NET INTERNAL AREA
GROSS INTERNAL AREA
Valuation
SHOPS
ZONING
LOCAL CONDITIONS
This "Mainly for Students" article focuses on a number of issues relating to the measurement of property. Discusses core measurement definitions Net Internal Area and Gross External Area used in the RICS "Code of measuring practice" (ISBN 1842190601) which although is not mandatory promotes good practice. Lists a range of factors which should also be taken into consideration such as: lease measurements; lease terms; car parking; not relying on photocopied plans without verifying scale use; measuring instruments; and reinstatement cost assessments. Focuses on the valuation and measurement of shops looking at zoning and good local market practice. Notes that the RICS Property Measurement Group periodically updates the code.
RICS CODE OF MEASURING PRACTICE
MANDATORY
COMPLIANCE
BEST PRACTICE
NET INTERNAL AREA
GROSS INTERNAL AREA
Valuation
SHOPS
ZONING
LOCAL CONDITIONS