REMRPLV: Rural Property Law and Valuation
Module code: REMRPLV
Module provider: Real Estate and Planning; Henley Business School
Credits: 20
Level: Postgraduate Masters
When you'll be taught: Semester 2
Module convenor: Mrs Angela Cropley, email: a.cropley@henley.reading.ac.uk
Pre-requisite module(s):
Co-requisite module(s):
Pre-requisite or Co-requisite module(s):
Module(s) excluded:
Placement information: No placement specified
Academic year: 2024/5
Available to visiting students: No
Talis reading list: Yes
Last updated: 28 May 2024
Overview
Module aims and purpose
An understanding of rural property law and valuation is key for property consultants working in the rural sector. This module is designed to help prepare students for providing advice on rural landlord and tenant law and valuation issues in professional practice. It is largely based on the law as applied to property in England and Wales, although content on the differing statutory codes in Scotland and Northern Ireland is included, where relevant.
The module aims to provide students with an opportunity to explore the legal relationships between rural landlords and their tenants, and the financial, technical, and market context of the appraisal of rural property value. It aims to develop an understanding of the legal codes that apply to different rural property types (agricultural; residential; commercial), and investigates the agricultural land market, the factors that influence it, and the methods of valuation that apply to rural property.
Module learning outcomes
By the end of the module, it is expected that students will be able to:
- Demonstrate a systematic understanding of rural property law, as applied to landlord and tenant issues in professional practice.
- Comment critically on the agricultural land market, and on the factors that influence it and the values of agricultural land.
- Demonstrate a comprehensive understanding of the different methodologies for valuing rural property, including natural capital, and their application to different categories of property in practice.
Module content
- Agricultural holdings legislation
- Farm business tenancies
- Joint ventures
- The legal framework governing residential property on the rural estate
- The legal framework governing commercial property on the rural estate
- Assessment of rental values
- End of tenancy valuations
- The UK market for agricultural property
- Methods of valuing the different interests in rural property, and the application of statute to various valuation situations and compulsory purchase
Structure
Teaching and learning methods
Lectures and seminars, for which students will be expected to carry out preparatory reading. Students will be encouraged, through guided discussion, to develop their oral communication skills through examples in seminars.
Study hours
At least 30 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.
Scheduled teaching and learning activities | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Lectures | 20 | ||
Seminars | 10 | ||
Tutorials | |||
Project Supervision | |||
Demonstrations | |||
Practical classes and workshops | |||
Supervised time in studio / workshop | |||
Scheduled revision sessions | 2 | ||
Feedback meetings with staff | |||
Fieldwork | |||
External visits | |||
Work-based learning | |||
Self-scheduled teaching and learning activities | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Directed viewing of video materials/screencasts | |||
Participation in discussion boards/other discussions | |||
Feedback meetings with staff | |||
Other | |||
Other (details) | |||
Placement and study abroad | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Placement | |||
Study abroad | |||
Independent study hours | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Independent study hours | 168 |
Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.
Semester 1 The hours in this column may include hours during the Christmas holiday period.
Semester 2 The hours in this column may include hours during the Easter holiday period.
Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.
Assessment
Requirements for a pass
Summative assessment
Type of assessment | Detail of assessment | % contribution towards module mark | Size of assessment | Submission date | Additional information |
---|---|---|---|---|---|
Written coursework assignment | Coursework | 50 | 2000 Words | Week 8, Semester 2 | |
Online written examination | Exam | 50 | 2 Hours | Semester 2 assessment period | Scenario based. May include pre-seen scenario provided to students during revision period |
Penalties for late submission of summative assessment
The Support Centres will apply the following penalties for work submitted late:
Assessments with numerical marks
- where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of three working days;
- the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
- where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three working days after the original deadline (or any formally agreed extension to the deadline), no penalty shall be imposed;
- where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.
Assessments marked Pass/Fail
- where the piece of work is submitted within three working days of the deadline (or any formally agreed extension of the deadline): no penalty will be applied;
- where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension of the deadline): a grade of Fail will be awarded.
The University policy statement on penalties for late submission can be found at: https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmission.pdf
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.
Formative assessment
Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.
Case studies will be used in seminars to improve understanding of application of statutory codes and valuation techniques in practice.
Reassessment
Type of reassessment | Detail of reassessment | % contribution towards module mark | Size of reassessment | Submission date | Additional information |
---|---|---|---|---|---|
Written coursework assignment | Coursework | 50 | 2000 Words | During the university resit period | |
Online written examination | Exam | 50 | 2 Hours | During the university resit period | Scenario based May include pre-seen scenario provided to students during revision period |
Additional costs
Item | Additional information | Cost |
---|---|---|
Computers and devices with a particular specification | ||
Printing and binding | ||
Required textbooks | ||
Specialist clothing, footwear, or headgear | ||
Specialist equipment or materials | ||
Travel, accommodation, and subsistence |
THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.