400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
“Building (Estate) owners tend to regard their asset as permanent and thus take little or no cognition of the incidence of obsolescence. This is evidenced by how sinking fund policies are rarely made with a view of securing the replacement of capital at the end of the building’s life”.
As an Estate Surveyor advise a prospective Property Developer on:
(a) The “triggers” of obsolescence and
(b) the “mitigants” of obsolescence.” To enable him realize the importance of having a sinking fund policy.
