COURSEWORK DESCRIPTOR Subject Property Management Semester 1 ? 2 ? 3 ? 4 X (Please Tick) Value of Work 40% Title Prepare a Service Charge Budget and Apportionment Breakdown Word Length Not Greater than 2,500 words Title/Brief Prepare a Service Charge Budget and Apportionment Breakdown Equitable Service Charges apportionment is of the utmost importance when preparing a new development. A developer, in the west of Ireland, has contacted you and wishes you to prepare a Service Charges Budget along with Apportionment Matrix for his mixed used development nearing completion and which he intends to bring to the market shortly. Details Building is 3 stories high on one side entering from ground level car park 4 stories high (including the Ground Floor Commercial) with access from street 3 Ground Floor Commercial Units 320Sq M each (street access) 2 Ground Floor Commercial Units 80 Sq M each (Street access) 1 Ground Floor Commercial Unit 160 Sq M (Street access) Overhead Commercial 20 Apartments Apartments are entered via 4 doorways in to the car park at rear Each stairwell contains 5 apartments Each Stairwell has 4 apartments of 76 Sq M each and 1 apartment of 152 Sq M Each apartment has a balcony either looking out over the commercial units on to the street or on the other side looking out over the car park at the rear. Freehold Houses There are 10 semi detached Freehold town houses at the front of the development. Each house is 76 Sq M. Houses share the car parking and common green space with apartments and commercial units. Assignment:- (1
) Prepare Apportionment Matrix for the development as a whole and show how it will be divided across the units (2) Prepare an appropriate budget for this development divided across the identified appropriate headings. (3) Provide narrative as to how this budget was arrived at (4) Using the apportionment calculated for each unit allocate the budget amount across each unit COURSEWORK DESCRIPTOR TO BE COMPLETED BY STUDENT Subject Semester 1 ? 2 ? 3 ? 4 X (Please Tick) Student Number Submission Date Declaration: I declare that this work is the result of my own study and application. NO other person had any active part in the final production of this document. I have acknowledged all assistance and sources Signed Dated COURSEWORK DESCRIPTOR STUDENT NAME:_____________________________ STUDENT NUMBER:___________________ COMPLETED BY EXAMINER MARKING SCHEME ELEMENT MARKS MARKS AWARDED Budget 25 Matrix of Allocation across units 30 Budget explanatory notes 20 Understanding of subject / personal research 20 Presentation 5 Total 100 FEEDBACK TO BE COMPLETED BY THE EXAMINER PLEASE TICK ONE OF THE FOLLOWING FEEDBACK TICK ONE Exceptional awareness of issues, supported by reference, wide ranging, objective Well organised, accurate, structured, not particularly broad Competent effort, heavily reliant on sources, lacked specific information General in nature, lacked depth, limited research, weak presentation Superficial, poor quality information, restricted treatment, poor presentation Signed Dated Please present this page as the 1st page of the coursework.