Putting mistakes right

Article Abstract:

UK courts have the power under certain circumstances to rectify leases where a mistake has been made. This may only take place if the court is provided with convincing proof that the lease does not accurately reflect the parties' intentions. A party claiming rectification must also prove that the landlord and tenant shared a common intention and that this intention continued to be held by all parties until the lease was signed. It will prove difficult to obtain rectification if one of the parties to the lease has changed.

Laws, regulations and rules, Landlord and tenant, Landlord-tenant relations

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A real-time property index

Article Abstract:

An online, up-to-date property index is highly desirable and achievable to the property derivatives market, despite perceived difficulties in its creation and maintenance. The real-time, nation-wide system would replace the annual, quarterly and monthly indices which are currently produced. It would need to be updated continually by all relevant parties, to record movements in the marketplace. The user group would benefit enormously from the fast publication of data, say experts.

United Kingdom, Prices and rates, Real property, Price indexes

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A proper training for property: MBAs fill the gaps in the training of property professionals, but many employers are reluctant to fund students

Article Abstract:

Many property industry employers are uncertain about the usefulness of the MBA qualification because of a lack of understanding of its benefits, concerns about the quality of MBA progremmes and the high cost, as MBA employees tend to move elsewhere. Also there is reliance on the traditional exempting BSc which provides sound academic training for the main property subjects, although it does not include key MBA subjects such as strategy human resource managment and finance.

Real estate industry, Training

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