What is chartered surveying? It really rests on which area within land, property and construction a chartered surveyor specialises. Essentially, all chartered surveyors are expertly trained and professional property experts offering guidance on anything property-related.
Surveyors can assume a range of specialisms, including property surveying, quantity surveying, valuation, civil engineering, as well as fine arts.
Let’s dive into what chartered surveying is and why you may need to seek the service of an expert if you manage, let, own, lease, sell or purchase commercial property.
What Is Chartered Surveying?
So long as a property specialist (or any individual) is a professional member or fellow of the Royal Institution of Chartered Surveyors (RICS), they’re allowed to class themselves as a chartered surveyor. These people will have a FRICS or MRICS title following their given names.
Chartered surveyors can guide commercial landlords or tenants on a whole host of property matters, including:
- Lease counselling on new premises.
- Property search and purchase assistance to find an appropriate property.
- Sourcing new occupants for an empty (or soon-to-be empty) property by re-advertising a commercial property.
- Lease renewal advice and negotiations.
- Rent reviews guidance and negotiations.
- Lease re-gears or tenant and landlord consultations.
- Tactical guidance concerning broader corporate partnerships or re-locations.
- Arranging a dilapidations schedule for a terminal schedule or dilapidations, and support and negotiation relating to a claim.
- Delivering commercial property management services, like asset management, tactical guidance, and rent collection.
- Assuming pre-acquisition survey work.
- Promote advice to influence company decisions.
- Delivering a schedule of conditions to restrict repairing accountability.
Chartered surveyors may also offer helpful assistance to individuals selling or purchasing commercial properties. For example, a commercial property agent can act on behalf of a potential seller or buyer.
If a chartered surveyor acts as a valuation surveyor, otherwise known as a valuer, they’ll offer guidance to financial institutions and banks. They'll give their view of ‘market value’ in line with a loan arrangement between the moneylender and borrower. A chartered valuation surveyor conducts RICS-compliant reports for numerous purposes, like pension, accounts, probate, taxation, legal disputes, and court. They may even undertake a pre-acquisition survey.
At Kirkby Diamond, our RICS-qualified chartered surveyors have wide-ranging knowledge and can offer clear-cut, honest and informative commercial property information. Want to know more about chartered surveying? If you’d like to talk to us about any commercial property matters, call us on 01234 905128.