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ASSIGNMENT
DRIVE WINETR SPRING 2014
PROGRAM Bachelor of Business Administration- BBA
SUBJECT CODE & NAME BBR602-Retail Project Property Management and Case
Studies in Retail
SEMESTER 6
BK ID B1941
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
1.Explain the duties of Property Manager
Answer : Property managers are responsible for setting the initial rent level, collecting rent from
tenants and adjusting the rent.
Setting Rent- the property manager knows how to set the right rent level to attract tenants to your
property. They have an understanding of the market where the property is located and have looked
at comparable properties in the area.
Collecting Rent- they play the role of the enforcer. They ensure optimal cash flow by setting a date
to collect rent each month and strictly enforcing late fees.
Adjusting Rent- the property manager can
2.Who are major stakeholders in the property market?
Answer : Definition of 'Stakeholder'
A party that has an interest in an enterprise or project. The primary stakeholders in a typical
corporation are its investors, employees, customers and suppliers. However, modern theory goes
beyond this conventional notion to embrace additional stakeholders such as the community,
government and trade associations.
Major stakeholders in the property market

2. 3.“Planning is the foremost function of any work or project initiation”. Explain the analysis
conducted under a property management plan.
Answer : As a property owner, you may be too busy to call and transfer service back to your name
every time a tenant moves out. And those $20 transfer fees can really add up.
By participating in the Property Management Plan (PMP), you will -
 Add or remove properties online
 Start service or leave a 3-day notice online
4.What are the approaches considered by property manager while managing a retail property?
Answer : Real estate appraisal, property valuation or land valuation is the process of valuing real
property. The value usually sought is the property's market value. Appraisals are needed because
compared to, say, corporate stock, real estate transactions occur very infrequently. Not only that,
but every property is different from the next, a factor that does not affect assets like corporate
stock. Furthermore, all properties differ from each other in their location - which is an important
factor in their value. So a centralized Walrasian auction setting cannot exist for the trading of
property assets, such as exists to trade corporate stock (i.e. a stock market/exchange). This product
differentiation and lack of frequent trading,
5.Explain the determinants of the retail Property Value
Answer : Rental value of retail properties is determined by some macroeconomic factors and also
influenced by broader influence from other property sectors and industries.
Household Income
Rental value of retail properties is primarily driven by the purchasing power of households, and the
purchasing power of household depends on household income from work which comes from firms,
so household income determines rental value of retail properties.
General Economy Condition
6. Explain the following
(i)Non-Compete Clause
Answer : A Non-Competition clause restrict individuals and organizations from providing services or
engaging in businesses in certain markets and geographies for a period of time. The clause protects
businesses from the
(ii)Income Method of Property Valuation
Answer : Income Capitalization is a valuation method appraisers and real estate investors use to
estimate the value of income producing real estate. It is based upon the premise of anticipation i.e.,
the expectation of future benefits. This method of valuation relates value to two things: [1] the
"market rent" that a property can be expected to earn and, [2] the "reversion" (resale) when a
property is sold.
To an investor, the future cash flows dictate
Dear students get fully solved SMU BBA Spring 2014 assignments
Send your semester & Specialization name to our mail id :

3. “ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601