Easements are certain rights connected with enjoyment o immovable property. The easement rights and obligation arise as a result of local or general custom. It is the right which the owner or occupier of a land possesses for the beneficial enjoyment of that land.
The Land on which the right of beneficial enjoyment has been created is called the dominant heritage (owner: Dominant owner)
The land on which easement is created is called the Servient heritage ( owner: Servient owner)
Architecture practice- arbitration and conciliationAditi Garg
MEANING OF ARBITRATION
DEFINED AS A METHOD OF RESOLVING DISPUTES
BETWEEN TWO PARTIES BY A THIRD PARTY
NEED FOR ARBITRATION
DISPUTES ARISING BETWEEN
OWNER & ARCHITECT
QUALITY OF SERVICE, LACK OF SUPERVISION, PAYMENT OF FEES ETC
OWNER & CONTRACTOR
PAYMENTS,EXTENSION OF TIME, RECTIFICATION OF DEFECTS
ADVANTAGES OF ARBITRATION
RESOLVING DISPUTES IN COURTS IS EXPENSIVE,
TIME CONSUMING AND STAINS RELATIONSHIP
ARBTRATION IS QUICKER LESS EXPENSIVE
AND RELATIONS REMAIN CORDIAL
Role of Project Architect in Arbitration
Project architect has a dual role
As per clause 55 of IIA, he acts as a “Quasi-Arbitrator” to give his decision on “excepted matters” between the client and the contractor where his decision is final and binding.
He is required to supply whatever information( copies of correspondence, drawings, site supervision memos etc.) the Arbitrators require in connection with any reference
The Arbitration & Conciliation Act 1996
Arbitration Act 1940 has become outdated.
General Assembly of the UNO recommends that UNCITRAL adopted in 1985 be the basis of new law to bring about uniformity of law of arbitral procedures and the specific needs of the international commercial arbitration practice
Though UNCITRAL deals with international disputes, with certain modification they could serve domestic arbitration and conciliation.
New act seeks to consolidate and amend the laws relating to domestic arbitration, international commercial arbitration, enforce foreign arbitral award and define laws relating to conciliation
Lessons for Architects from Arbitration cases
One of the main reasons why disputes arise between owners and contractor as far as construction projects are concerned is that quite a few architects do not perform their roles as Project Architect and Quasi-Arbitrators early on in the project.
Some of the steps that he can do to prevent such disputes are
Production drawings.- Complete and freeze design and drawings prior to tender.
Notification formalities- Issue all notifications on time
Certification of bill- Approve/certify all bills on time and ensure payments
Time as “Essence of Contract”.- Avoid Holds that can lead to extension of time.
Final Accord and satisfaction-Ensure full and final payment is done.
Minutes of site meetings- Weekly meeting and minutes recorded and approved by all
Consultant fees: Payment for sub consultants is one on time
Predesign Investigation: Owner required to furnish information about site
Accepting assignments: Proper documentation and fee structure as recommended by COA
Premature termination of Architects services: Owner right on full payment of fees upto that stage.
Architecture practice- arbitration and conciliationAditi Garg
MEANING OF ARBITRATION
DEFINED AS A METHOD OF RESOLVING DISPUTES
BETWEEN TWO PARTIES BY A THIRD PARTY
NEED FOR ARBITRATION
DISPUTES ARISING BETWEEN
OWNER & ARCHITECT
QUALITY OF SERVICE, LACK OF SUPERVISION, PAYMENT OF FEES ETC
OWNER & CONTRACTOR
PAYMENTS,EXTENSION OF TIME, RECTIFICATION OF DEFECTS
ADVANTAGES OF ARBITRATION
RESOLVING DISPUTES IN COURTS IS EXPENSIVE,
TIME CONSUMING AND STAINS RELATIONSHIP
ARBTRATION IS QUICKER LESS EXPENSIVE
AND RELATIONS REMAIN CORDIAL
Role of Project Architect in Arbitration
Project architect has a dual role
As per clause 55 of IIA, he acts as a “Quasi-Arbitrator” to give his decision on “excepted matters” between the client and the contractor where his decision is final and binding.
He is required to supply whatever information( copies of correspondence, drawings, site supervision memos etc.) the Arbitrators require in connection with any reference
The Arbitration & Conciliation Act 1996
Arbitration Act 1940 has become outdated.
General Assembly of the UNO recommends that UNCITRAL adopted in 1985 be the basis of new law to bring about uniformity of law of arbitral procedures and the specific needs of the international commercial arbitration practice
Though UNCITRAL deals with international disputes, with certain modification they could serve domestic arbitration and conciliation.
New act seeks to consolidate and amend the laws relating to domestic arbitration, international commercial arbitration, enforce foreign arbitral award and define laws relating to conciliation
Lessons for Architects from Arbitration cases
One of the main reasons why disputes arise between owners and contractor as far as construction projects are concerned is that quite a few architects do not perform their roles as Project Architect and Quasi-Arbitrators early on in the project.
Some of the steps that he can do to prevent such disputes are
Production drawings.- Complete and freeze design and drawings prior to tender.
Notification formalities- Issue all notifications on time
Certification of bill- Approve/certify all bills on time and ensure payments
Time as “Essence of Contract”.- Avoid Holds that can lead to extension of time.
Final Accord and satisfaction-Ensure full and final payment is done.
Minutes of site meetings- Weekly meeting and minutes recorded and approved by all
Consultant fees: Payment for sub consultants is one on time
Predesign Investigation: Owner required to furnish information about site
Accepting assignments: Proper documentation and fee structure as recommended by COA
Premature termination of Architects services: Owner right on full payment of fees upto that stage.
Architects Professional Liability
Whether a small architecture enterprise or a multinational million dollar conglomerate, the work of architects and engineers is constantly under the spotlight. No matter how careful and exact an architect or engineer is, their work is constantly scrutinized by clients, leaving the chance of facing a lawsuit alleging negligence or failure to render professional services. Working in an industry that continues to feel the negative effects of the economy, architects and engineers cannot afford to take this risk - and that is where we can help.
byelaws, periphery control, development, objective,FAR ratio, and edict of chandigarh: introduction, purpose, definition, objectives, some terminologies, open and interior space requirements, provision for lighting and ventilation, acts, chandigarh planning and landscape ,
professional practice and valuation topic of ppt:-valuationtirath prajapati
Valuation is the technique of estimation or determining the fair price or value of property such as building, a factory, other engineering structures of various types, land etc.
Valuation - professional prractice and valuationKavin Raval
VALUATION IS USED TO DECIDE THE VALUE OF A STRUCTURE OR A RENT OF A HOUSE OR OFFICE . THE TYPES OF RENT ARE DESCRIBED. THE METHOD OF FIXING RENT IS ILLUSTRATED.
Professional practice in Architecture
Difference between profession and business
History of architectural practice
Principles of profession to be followed
Role of COA and IIA in the field
Architect's Act 1972
Why architecture became a profession
Need and identity of architecure as a profession
Architects Professional Liability
Whether a small architecture enterprise or a multinational million dollar conglomerate, the work of architects and engineers is constantly under the spotlight. No matter how careful and exact an architect or engineer is, their work is constantly scrutinized by clients, leaving the chance of facing a lawsuit alleging negligence or failure to render professional services. Working in an industry that continues to feel the negative effects of the economy, architects and engineers cannot afford to take this risk - and that is where we can help.
byelaws, periphery control, development, objective,FAR ratio, and edict of chandigarh: introduction, purpose, definition, objectives, some terminologies, open and interior space requirements, provision for lighting and ventilation, acts, chandigarh planning and landscape ,
professional practice and valuation topic of ppt:-valuationtirath prajapati
Valuation is the technique of estimation or determining the fair price or value of property such as building, a factory, other engineering structures of various types, land etc.
Valuation - professional prractice and valuationKavin Raval
VALUATION IS USED TO DECIDE THE VALUE OF A STRUCTURE OR A RENT OF A HOUSE OR OFFICE . THE TYPES OF RENT ARE DESCRIBED. THE METHOD OF FIXING RENT IS ILLUSTRATED.
Professional practice in Architecture
Difference between profession and business
History of architectural practice
Principles of profession to be followed
Role of COA and IIA in the field
Architect's Act 1972
Why architecture became a profession
Need and identity of architecure as a profession
How to Package a Loan Request for Construction, Rehab, and Commercial LoansBeau Eckstein
SFR Ventures Inc. requires that a Financing Request Package accompany all loan requests. The suggested outline included in this packet is very comprehensive and may request information that is not relevant to a particular loan request. This template has been utilized by the principals of SFR Ventures Inc. to effectively raise $400M+ in debt and equity for various real estate investments over the years. This template focuses primarily on residential rehab, construction, and development loans and provides a consistent process for borrowers to streamline the financing process and accelerate the funding timeline to meet the closing deadlines. Timely submission of a completed Financing Request Package can mean funding in as little as 5–7 business days.
Please be advised, SFR Ventures Inc. receives a high volume of loan requests. We aim to review and respond to loan requests within 48 hours of receiving the Financing Request Package. SFR Ventures Inc. requires certain criteria for a loan request to be considered. If the following criteria are not met, your loan request will not be reviewed:
• Borrower must have real estate experience with a proven track record
• Borrower is required to have a minimum of 20% equity into the deal
• The loan-to-value (LTV) may not exceed 70%
About SFR Ventures Inc.
SFR Ventures Inc. seeks to establish long-term relationships with experienced real estate investors, owner operators, developers, and brokers that are built upon trust, client service, and executional efficiency.
Please submit your Financing Request Package or any specific questions related to your particular transaction to beau@sfrventures.com
Beau Eckstein
Managing Partner
Direct: 925.852.8261
Investing in Commercial Property (Series: Real Estate Investing 101 - 2020) Financial Poise
Before taking the plunge into commercial real estate investing, one should have a clear understanding of how to select the right location, preferred type and class of property, what due diligence to do, how to secure financing, how to negotiate a deal, and how to manage the property going forward as a commercial landlord. This Financial Poise panel explains the process from looking for the investment, to contract, to closing, and beyond.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/investing-in-commercial-property-2020/
A case study presentation on Stirling Homex Corporation concerning financial reporting issues on revenue recognition policy, profit allocation and capitalization of expenses.
Consumer Profile of Different Archetypes
Consumer Archetype
Average Annual Household Income (INR)
Average Age (Years)
Highest level of education and current occupation
Access to smartphone
Share of population
Poor Rural
209,400
43
> 70% below grade 10
70% informally/non-employed
5%
29% - 9%
Poor Dreamers
388,900
41
> 70% below grade 10
70% informally/non-employed
10%
14% - 11%
Young and Savvy
388,900
21 (All born post 1990)
50% till grade 10, 20% bachelors/masters
25% employed, 40% students
65%
11% - 15%
Middle India
508,600
47
> 70% below grade 10
70% informally non-employed
10%
19% - 21%
Connected Aspirants
508,600
39
45% till grade 10, 25% bachelors/masters
60% employed
95%
15% - 19%
Conservative Research
2,991,700
49
65% below grade 10, 30% passed grade 10
70% informally/non-employed
15%
4% - 8%
Sophisticated Rich
2,991,700
35 (35% born post 1990)
40% till grade 10, 45% bachelors/ masters
55% employed, 20% students
95%
7% - 17%
Idea behind the segmentation….
Income - critical determinant , what kind of products are likely to be consumed.
Average Age - Influences their choices (Gen X,Y and Z)
For example, – the music, movies, politics, and defining events of that period.
Educational / Occupation level – Similar academic standard / occupation - similar ability to buy
Access to smartphones - At the same income level, the more "connected" consumer (by internet and smartphone) will spend well, own durables, preimmunize to better products.
Less connected counterpart is likely to spend frugally, own few durables and continue buying more of the same.
Share of population – Decrease in Poor rural and poor dreamers
Increase in young savvy, sophisticated rich
Formal economy of Karkala Town- Urban Design ReportAditi Garg
Introduction 1
Statistics and analysis: 2 - 4
Households 2
Shops 3
Banks 4
Industries in karkala 5 - 6
Tourism in karkala 7
Land rates in karkala 8
Issues and inferences 9
Karkala is a semi-urban township, which is the headquarters of Karkala Taluk in the Udupi district of Karnataka.
The name of the town is derived from Kari-kal, meaning black stone in Tulu. Karkala is on the top of a granite bed that is about 300–500 ft thick. This is the reason why many stone industries have flourished in this region.
The economy of Karkala is driven mainly by the cashew, stone and beedi industries.
The temple economy is also a big contributor as it is one of the major junction for the religious tourists
The festivals and rituals of the temple contribute to the peak and low periods of local businesses.
Tourism is also another factor.
Setting up architectural practice--
As part of professional practice,
A comprehensive understanding of office set up, office administration, selection procedure for various posts, man power management within the office and resource leveling
Professional practice of architects-Role of an architect (COA)Aditi Garg
ROLE OF AN ARCHITECT IN PROJECT REALISATION-
The Classic Steps to the Process
The process is typically broken down into the following steps:
1. Pre-Design Phase (PD)
2. Schematic Design Phase (SD)
3. Design Development Phase (DD)
4. Construction Documents Phase (CD)
5. Bidding & Negotiation Phase (BN)
6. Construction Observation/Contract Administration Phase (CA)
7. Supplemental Services (SS)
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Architecture- easements and valuations
1. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
INTRODUCTION
CHAPTER TOPIC
01 Understanding the basic concepts and terminology in architectural practice
02 The differences between architectural profession and other professional disciplines
03 A clear knowledge of code of conducts and ethics in profession
04 The knowledge of apex monitoring body to protect the interest of the profession
05 Role of an architect in conceptualizing, design proposal until the execution
procedures
06 Easements & Valuations
07 The legal dimension of professional practice, architect’s role as an arbitrator
08 A comprehensive understanding of office set up, office administration, selection
procedure for various posts, man power management within the office and
resource leveling
2. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
MISCELLANEOUS TOPICS
EASEMENTS
Easements are certain rights connected with enjoyment o immovable
property. The easement rights and obligation arise as a result of local or
general custom. It is the right which the owner or occupier of a land
possesses for the beneficial enjoyment of that land.
The Land on which the right of beneficial enjoyment has been created is called
the dominant heritage (owner: Dominant owner)
The land on which easement is created is called the Servient heritage ( owner:
Servient owner)
3. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
EASEMENTS
Easements right are acquired by the following ways:
1. By prescription
2. By express grant
3. By implied grant
4. By custom
When an owner allows people to pass through his land without any
objection or obstruction for a continuous period of 20 years or allows
the neighbor to enjoy light and air from his property, the easement
created is called Easement by prescription
4. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
EASEMENTS
Easements right are acquired by the following ways:
1. By prescription
2. By express grant
3. By implied grant
4. By custom
When an owner permits people to pass through his land with the full
knowledge and consent to create some kind of right through a written
agreement, the easement created is called Easement by Express Grant
5. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
EASEMENTS
Easements right are acquired by the following ways:
1. By prescription
2. By express grant
3. By implied grant
4. By custom
When an owner sells a rear portion of his property which does not have
an independent access, it is implied that he will permit the purchaser to
pass through his land, the thus easement created is called Easement by
Implied Grant
6. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
EASEMENTS
Easements right are acquired by the following ways:
1. By prescription
2. By express grant
3. By implied grant
4. By custom
When people enjoy certain rights to make use of a piece of land for a
social activity year after year as a custom, it is said to be an Easement by
Implied Grant
7. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
VALUATION
Valuation is defined as the process of determining the fair value of a
specific property for a specific purpose on a specified date.
Valuation is done using an established and appropriate method of
valuation.
Valuation is done by a specially qualified valuer wo has acquired
specialized training and experience.
8. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
VALUATION
Valuation is done for a variety of reasons
1. Valuation for Sale or Purchase
2. Valuation for Legal purpose
3. Valuation for Taxation purpose
4. Valuation for Compulsory Acquisition
5. Valuation for Accounting purposes
6. Valuation for Insurance purposes
9. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
VALUATION
Valuation is done for a variety of reasons
1. Valuation for Sale or Purchase
One of the most common purposes- prospective seller
quote the maximum, the purchaser offers the lowest
sum. An expert valuer determines the value on the
basis of a number of transaction that have taken place
in a particular are which is comparable in size,
location, condition and usage.
2. Valuation for Legal purpose
Required for legal purposes like obtaining a probate of
a will, division of assets among it owns or business
partners, determining the value for stamp duty or
court fee or
10. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
VALUATION
Valuation is done for a variety of reasons
3. Valuation for Taxation purposes
Properties are valued for the purposed of deciding the
tax liability in the event of gifting or sale of property to
determine the tax required to be paid. This may in turn
decide the wealth tax that the seller may be required
to pay.
4. Valuation for Compulsory Acquisition
Whenever a public body needs a piece of privately
owned property, it is notified for acquisition. A valuer
prepares claim of compensation in which he values the
land under acquisition as per established norms.
11. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
VALUATION
Valuation is done for a variety of reasons
5. Valuation Accounting purposes
Properties are periodically valued to determine the
value of assets of companies for accounting purposes (
to be included in annual reports to shareholder,
partners)
6. Valuation for Insurance Acquisition
Properties are valued for determining the “Insured
value” for the purpose of working out the amount of
premium the owner must pay to the insurance
company. (and for the compensation to be paid in the
event of loss due to any reason)
12. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
APPRECIATION AND DEPRECIATION
Appreciation and depreciation are issues that come up
frequently on the Real Estate License Exam.
APPRECIATION is an increase in a property’s value
caused by factors like inflation, increasing demand,
and improvements to the property.
DEPRECIATION is a decrease in the value of a property
caused by lower demand, deflation in the economy,
deterioration, or the influences of other undesirable
factors.
13. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
APPRECIATION AND DEPRECIATION
Deprecation is calculated mathematically but the basis
of calculation depends on the expert’s judgement
based on his experience.
Different method for calculating the depreciation of
a property
1. Accelerated Depreciation method
2. Straight-line Depreciation method
3. Sinking fund depreciation method
14. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
APPRECIATION AND DEPRECIATION
1. Accelerated Depreciation method: Accelerated depreciation is the depreciation of fixed
assets at a fast rate early in their useful lives. This type of depreciation reduces the amount of
taxable income early in the life of an asset, so that tax liabilities are deferred.
2. Straight-line Depreciation method: Straight line depreciation is the default method used
to gradually reduce the carrying amount of a fixed asset over its useful life. The method is
designed to reflect the consumption pattern of the underlying asset, and is used when there is
no particular pattern to the manner in which the asset is to be used over time. Use of the
straight-line method is highly recommended, since it is the easiest depreciation method to
calculate, and so results in few calculation errors.
3. Sinking fund depreciation method: Under this method, a fixed amount is debited every
year to depreciation amount and credited to depreciation fund account instead of asset
account. The asset is shown at its original cost, in the books, in every year. The amount which
is credited in the sinking fund, is invested in gilt-edged securities. Sinking fund method makes
available a sum of money for the replacement of asset by maintaining separate provision
15. ARC 404 : PROFESSIONAL PRACTICE
B.ARCH VI SEMESTER : FEBRUARY 2015
References
1. http://www.coa.gov.in/home/home.htm
2. http://www.robertcoolidge.com/process-1.html
3. http://www.dummies.com/how-to/content/how-to-calculate-
appreciation-and-depreciation-for.html
4. http://www.accountingtools.com/straight-line-depreciation
5. Architectural Practice in India: Prof. Madhav Deobhakta & Ar.
Meera Deobhakta