BSc (Hons)

BSc Real Estate

kwakuhyiaman — Tue, 12 Jun 2018 18:31:40 +0000

BSc Real Estate kwakuhyiaman Tue, 06/12/2018 - 18:31

YEAR ONE – SEMESTER ONE

RE 151 REAL ESTATE INDUSTRY (3-0-3)
Objective The student will be introduced to the real estate sector of the economy. At the end of the course an appreciation of the scope and context of real estate within the general economy is expected of the student. Contents Concepts; real estate defined, the real estate landscape – an overview, Participants and stakeholders; individuals and institutions e.g. GhIS, GREDA; Scope of real estate business; Real estate and the General economy; economic and social impacts of real estate

RE 153    REAL ESTATE ECONOMICS I
Objective    This course reviews the principles of economics with a general treatment of micro- and macro-economics. At the end of the course the student is expected to be equipped with economic tools applicable to problems and policies in the realm of real estate.
Contents    Introduction to Micro and Macro Economics; the consumer, firm and the market systems , fiscal and monetary policies etc; The economic problem; principles of economic analysis and its tools; The economic analysis of land use policies; policies of use and management of real estate assets Demand of real estate resources/assets; factors affecting real estate demand; forms of real estate demand; Supply of real estate resources/assets; factors affecting supply of real estate resources

LE 151    GENERAL PRINCIPLES OF LAW I (3-0-3)
Objective    The objective of the course is to provide a bird’s eye view of law as an introduction to the many legal topics that will be taught in the entire programme. At the end of the course the student will be conversant with the general legal and judicial systems operating in Ghana.
Contents    Meaning of ‘Law’ classified, Classifications of laws; The sources of law; the Laws of Ghana- the constitution, statute law, common law of Ghana and customary law; Statute an subsidiary legislation; interpretation; General principles of equity; legal and equitable interests in land; Case law and doctrine of precedents; The Judicial System.

LE 153 INTRODUCTION TO BUILDING CONSTRUCTION (2-2-3)
Objective Building construction is a major course in the training of the real estate graduate and will be taken in the first three years of the programme. This is an introductory course and aims at introducing the student to building construction as a subject. At the end of the course the student is expected to have a general view of the building industry and identify traditional and contemporary structural forms and relate them to their social and economic implications.
Contents: People concerned with buildings: the design team, construction team and approving/law enforcement authorities; Preliminaries to building: Preliminary investigations and site preparation; Building materials and their effect on function and design e.g. Concrete, blocks, stones, timber, plywood; Economic and socio-cultural consideration in design; Elements of building: Substructure – foundation types, basements, water-proofing. Studio Work: Introduction to draughtsmanship.

LE 159 FINANCIAL MATHEMATICS I (3-0-3)
Objective The course introduces students to courses such as Principles of Valuation and Investment Appraisal, which will be taught later in the programme by shaping students’ understanding of how the Valuation Tables have been compiled and uses.
Contents: Arithmetic & Geometric Progressions; Simple & Compound interests; Application of Simple Interest–Negotiable
Instruments & Treasury Bills; Application of Compound Interest in the Construction of Valuation Tables: Amount of ¢1.00, Amount of ¢1.00 p.a., Present Value of ¢1.00, Present Value of ¢1.00 p.a., Annual Sinking Fund, Annuity; Interrelationships of Tables.

CSM 183     INTRODUCTION TO COMPUTERS I (1-2-2)
Objective    Information and communications technology (ICT) is increasingly taking centre stage in the affairs of men. The purpose of the course is to introduce the student to the use of computers to enable him participate meaningfully in the ICT environment. At the end of this course the student will be able to have a general knowledge of computers and be able to carry out simple windows based activities.
Contents    Introduction to computers and computing; Introduction to DOS; Introduction to Windows; Introduction to word processing (Microsoft).

GE 183    PRINCIPLES OF SURVEYING (2-2-3)
Objective    This course is aimed at helping to improve the survey of small areas for producing large-scale plans for all purposes.
Contents    Chain surveying; Compass surveying; Theodolite traversing; GPS Surveys; Contouring; Simple plane coordinates calculation; Calculation of areas and volume; Errors in general and particularly errors in chaining and levelling.

ENGL 157 COMMUNICATION SKILLS I (2-0-2)
Objective
This course is aimed at helping to improve the ability of the student to communicate in good and fluent English.
Contents Parts of speech (i) Nouns and Pronouns, (ii) Verbs, Voice and Tense, (iii) Adjectives and Adverbs, (iv) Conjunctions, Prepositions and Interjections; Concord, Error analysis; The Article; Direct and Indirect Speech; The sentence; punctuation, paragraphing.

YEAR ONE – SEMESTER TWO

RE 154    REAL ESTATE ECONOMICS II (2-0-2)
Objective    This course introduces the student to the role land plays in the economy and concepts of applied economics. At the end of the course the student is expected to know the place of land in society including its economic and other implications as well as deep understanding of land resource issues.
Contents    Urban Land Market; characteristics and forms; Real estate market characteristics by property types i.e. residential office retail and industrial; Urban land use; forms of urban land use; Market forces driving city formation; urban growth; Theories of urban growth; urban renewal and regeneration; Urban transportation; traffic control systems, parking.

LE 152 LAW OF CONTRACT (3-0-3)
Objective The student is given in-depth knowledge of the law of contract generally. At the end of the course the student will be able to recognize contractual relationships and how these relate to real estate.

Contents: Nature and Types of Contract; Formation of contracts: essential requirements; Terms: express, implied, construction, exemption clauses, Vitiating elements, Discharge; Breaches: remedies, penalties, damages, specific performance; Bailment; Contract for sale of land; Contract Act.

LE 154    BUILDING COMPONENTS AND FINISHES (2-2-3)
Objective    This continues the course began in the First Semester and has the objective of helping the student to understand
the construction and nature of structures on land.
Contents    Building elements – superstructure: walls, floors, roofs and ceiling work; Finishes in construction; Stairs Studio work.

LE 160    FINANCIAL MATHEMATICS II (3-0-3)
Objective    This course continues the course in financial mathematics started in the first semester. At the end of the course the student will understand the relationships between the various discounting methods and be able to carry out simple operations involving them.
Contents    Annuities – Explanation, Types, Present Value, Future Value, term and Interest Rate; Mortgages – Explanation, amount of a mortgage, Mortgage Instalments, Return on capital; Discounted Cash Flow Techniques – Explanation, Net Present Value (NPV) and Internal Rate of Return (IRR) Approaches.

GE 164    INTRODUCTION TO GEO – INFORMATION SYSTEMS (2-2-3)
Objective    The course introduces the student to Geo-information systems. It is expected that the acquired knowledge will become a tool for management of professional activities.
Contents    GIS concepts; Coordinate systems; Cartographic visualization; Multicriteria
evaluation; Manipulating field results in ArcView; Map projections; GIS input;
Data analysis; Introduction to ArcView; Geographic information and spatial
data types.

CSM 184 INTRODUCTION TO COMPUTERS II (1-2-2)
Objective This course continues the first part of the course started in the last semester. It introduces the student to more complex operations of the computer.
Contents Introduction to electronic spreadsheets (both DOS and Windows versions); Introduction to database (both DOS and Windows Versions); Introduction to the internet – how it works, e-mails, searching for information, etc.

ENGL 158    COMMUNICATION SKILLS II (2-0-2)
Objective    This builds on the previous course aimed at helping to improve the ability of the student to communicate in good and fluent English.
Contents    The communication process; Skills in communication – reading, listening and summary skills; Communication in organizations; How to prepare efficient documents; The dynamics of oral communication, Speech writing and presentations; The telephone, usage and abuse, Interviews; Letter and employment correspondence: inquiry letter, claim letter, letter of adjustment, job application letter, curriculum vitae, letter of acceptance, letter of refusal, job description; Memos – Briefs, meetings,
minutes; Technical report writing; Writing long essays and dissertations; Writing proposals.

YEAR TWO – SEMESTER ONE

LE 165    FUNDAMENTALS OF PLANNING (3-0-3)
Objective     The course is aimed at equipping the student with knowledge about the basis of
planning in society. At the end of the course the student will have the basic tools to analyse planning decisions and their implications for society.
Contents    The meaning and nature of planning; The scope and types of planning – economic, social, spatial/physical,
integrated; Planning and its relationship with Real estate; Classification, principles and determinants of land use; Planning process – surveys and data rationalization; Development planning – preparation and interpretation; General principles of location; The neighbourhood concept.

LE 251    LAW OF TORT (3-0-3)
Objective    The course seeks to give the student an understanding of the nature of relationships in tort. At the end of the course the student will be able to understand the legal implications of land ownership in relation to the rights of other people in tort.
Contents    General principles of liability in tort; Liability for torts of others; Torts relating to land; Trespass; Nuisance; Negligence.

LE 253    PRINCIPLES OF VALUATION I (3-0-3)
Objective    The course introduces the student to the basics of valuation. At the end of the course the student will be able to understand the role of the Valuer in society.
Contents    Nature, purpose, functions and process of valuation; Role of the valuer in society; Elements and characteristics of value in economic, social, ethical theories; The nature and characteristics of real estate markets: the real estate market in Ghana; Determination of land values; Influence of land values in economic, social, fiscal and political policies; Distinction between Basis and Method of valuation; Introduction to methods of valuation.

MATH 153    STATISTICAL METHODS I (2-0-2)
Objective    The course introduces the student to the nature of statistics and basic statistical concepts. At the end of the course the student will be able to carry out operations in statistics and analyse data using statistical tools.
Contents    Introduction to Basic concepts; notation, tables and charts and organisation of Data. Measures of location: Mean, median, Mode, Percentile for grouped and ungrouped data and graphical estimation. Measures of dispersion: ranges, mean, deviation, variance and standard deviation skewness and kurtosis. Probability, probability distributions, random variables and the normal distribution.

LE 257    BUILDING SERVICES (2-2-3)
Objective    At the end of the course the student will be able to identify and understand the
nature and construction in buildings and neighbourhood services.
Contents    Water supply and sanitation - Sewerage system and drainage; Repairs and restorations; sanitation and drainage systems i.e. above ground and underground systems, etc.; Studio Work.

LE 359    PRINCIPLES OF ACCOUNTING I (2-0-2)
Objective    The course aims at giving the student a detailed understanding of the principles governing accounting practice. At the end of the course the student will be able to prepare balance sheets and profit and loss accounts for non-complex organizations.
Contents    Purpose and structure of accounting; Books of accounts and accounting transactions; Position and income statement; Accounts and transactions; Trading and profit and loss account, Balance Sheet etc; Basic accounting concepts, accrual, going-concern, dual aspect, and cost concepts; Revenue, expenses and other charges.

ENGL 263 LITERATURE IN ENGLISH (1-0-1)
Objective The course introduces students to opportunities to love the world of books in English and various Ghanaian languages.
Contents: Special consideration will be given to language as a primary vehicle of literature; The stock of Africa’s oral literary heritage and performance traditions; The interrelations of literature and other disciplines; Poetry and drama.

YEAR TWO – SEMESTER TWO

RE 252    PLANNING LAW AND ADMINISTRATION (3-0-3)
Objective    The course aims at equipping the student with the basic tools for analysing
planning decisions. At the end of the course the student will be able to understand and relate planning policy to practice in Ghana.
Contents    History and development of planning in Ghana; Institutional framework of planning in Ghana: Legislations – CAP 84,
Local Government Act 462, LAP, NDPC Act 479, Act 480; Institutions – Town and country Planning, Lands Commission, NDPC, District/Municipal/Metropolitan Assembly; Development Control – Planning permission, application, approval and enforcement; Building regulations.

LE 252    PRINCIPLES OF CUSTOMARY LAND LAW (3-0-3)
Objective    The course introduces the student to the customary rules and regulations, which govern, land tenure relations in the country. At the end of the course the student will be able to identify the general rules of customary land tenure in the country and recognize the divergences due to the cultural differences among the various tribal communities in the country.
Contents    Customary definitions of land; Types of estate in land: Allodial, Usufruct, Licence, etc Incidents of the Allodial and usufructuary estates; Family usufruct and its incidents; Stranger usufruct; Customary tenancy arrangements: Abunu, Abusa, Huza, etc; Customary testacy - Nsamansiw.

LE 254    PRINCIPLES OF VALUATION II (3-0-3)
Objective    This course continues to expose the students to the valuation principles. At the end of the course the student will be able to apply the methods of Valuation to empirical situations.
Contents    The principles of investment; Estimation of the yield and the Year’s Purchase; The concept of Rental Value; Outgoings; Principal types of interests in real estate; Detailed treatment of the Investment Method of valuation – valuation of freehold interests let at full rental value, valuation of freehold interests let at less than the full rental value, valuation of leasehold and sub-leasehold interests; Effects of taxation on valuations.

MATH 154    STATISTICAL METHODS II (2-0-2)
Objective    The course introduces the student to the nature of statistics and basic statistical concepts. At the end of the course the student will be able to carry out operations in statistics and analyse data using statistical tools.
Contents    Central ideas of estimation, confidence intervals and hypothesis tests. To perform sensible statistical analyses using the computer package SPSS and to report the results of analysis effectively. Large sample estimation; large sample tests of hypothesis, small sample tests. Estimation and confidence intervals. Hypothesis tests (including test of association for tables).
Experimental design and Analysis of Variance. Regression and Correlation. Multiple regression. Discrete distributions. Tackling non-standard problems (including data transformations). Overview and tips on writing statistical analyses.

LE 258    INTRODUCTION TO BUILDING QUANTITIES (2-2-3)
Objective    The course is a continuation of the courses in building construction begun in earlier years. It introduces the student to the rudiments of quantity surveying. At the end of the course the student will be able to interpret a Bill of Quantities and be able to evaluate Interim and Final Certificates.
Contents    General principles of building quantities - Purposes of a bill; process in quantity works; methods of measurements; modern quantity techniques; preparation and forms of bills; measurements, taking off, bill preparation process.
Introduction to contract administration with emphasis of interim certificates and final certificates for practical and final completion; Studio Work.

LE360    PRINCIPLES OF ACCOUNTING II (2-0-2)
Objective    At the end of the course the student will be able to interpret the accounts of limited liability companies and be able to carry out depreciation of fixed assets.
Contents    Financial organisation and direction of business; The limited liability company, shares; Basic classification of accounts for holding business; Plant assets - Valuation of Plants; Depreciation of non-current assets.

ENGL 264    LITERATURE IN ENGLISH (1-0-1)
Objective    Builds on the objective of ENGL 263 in the previous semester.
Contents    Folktales, short stories and the novel. African and Western texts representative of this genre used to illustrate language, themes, and the literary devices employed for these different types of fictional expressions.

YEAR THREE – SEMESTER ONE

RE 351    HOUSING I (3-0-3)
Objective    The course introduces the student to housing, a sector of the real estate industry, and a crucial factor in the country’s socio-economy. The student is expected to appreciate the present state of the housing sector in the country and the mobilisation of resources for improving the sector within the context of a good hosing policy.
Contents    Functioning and role of housing in economic development; Performance of the housing sector in Ghana- Housing policy; effect of policy interventions on housing quality, access and affordability; Housing finance; Systems for housing finance, finance mechanisms for individuals and firms – Techniques for savings mobilization and lending; Support facilities; Management.

RE 353    REAL ESTATE FINANCE AND INVESTMENT (3-0-3)
Objective    This 2-phase course introduces the student to the principles of investment relating to real estate including the basic principles underlying the appraisal of investments in the first segment. At the end of this phase the student will be able to undertake feasibility and viability appraisals of real estate investments.
Contents    Introduction to Investment Analysis; IRR, PV, NPV; Banking Policy and Practice (financial intermediaries); Introduction to the Capital markets: primary capital markets ; secondary capital markets; equity market; debt market; Quantitative Financial Analysis: ratios; models; time series; forecasts; Measures of Investment Performance using Ratios: Liquidity Ratios- current ratio, acid test, cash operating cash flow etc; Activity Ratios- inventory turnover, total assets turnover, working capital turnover; Leverage/solvency, Ratios-debt to equity ratio, debt to market ratio, long term debt to equity ratio etc; Profitability Ratios- return on sales, return on assets, dividend payout, gross margins etc

RE 355    REAL ESTATE DEVELOPMENT (3-0-3)
Objective    This course focuses on the real estate development process. At the end of this segment the student is expected to know the stages in real estate development and the normal sequence of activities which characterise most real estate projects.
Contents    Real estate development- the process and the players; The development process; Stages - Idea conception, idea refinement, feasibility, contract negotiations, commitment point, construction, initiation of operations, asset management over time; Procurement Methods; Risk Management; Quality Control; Insurance; Arbitration; Construction Management: The Client- individual, Corporate, public; The consultant- Architect, Engineers etc; Quality Assurance; Project Coordination & Evaluation-Network Analysis.

LE 351    LAW OF REAL PROPERTY AND CONVEYANCING I (3-0-3)
Objective    This course aims at exposing the student to the major topics in the law of real property. At the end of the course the student will understand Conveyancing procedures and Mortgages and will be able to resolve issues relating to landlord and tenant relations.
Contents    Sales and Assignments; Landlord and tenant relation; The Rent Act, 1963 (Act 220); Conveyancing Decree, 1973(NRCD 175); Licences; Registration of Deeds under Land Registry, 1962 (Act 122); Title Registration under the land title Registration Law, 1986 (PNDCL 152); Limitations Decree, 1974; Mortgages under the Mortgages Decree, 1972(NRCD 96).

LE 353    ADVANCED VALUATION I (3-0-3)
Objective    This course introduces the student to the practical application of the methods of valuation. The emphasis will be on practice; a number of exercises will be undertaken by the student. At the end of this course the student will be able to value properties using any of the methods of valuation.
Contents    Detailed treatment and practical application of valuation methods: Comparative Method; Replacement Cost Method; Profits Method; Residual Method; Investment Method: marriage value, premiums, surrenders and renewals of leases; Valuation for special purposes – mortgages, insurance, company assets, going concern, probate.

LE 361 RESEARCH METHODS (3-0-3)
Objective: This course introduces the student to research methodology and its importance in real estate studies. At the end of the course the student is expected to be able to undertake small scale independent research.

Contents: Introduction to research; The research process; Formulation of the research problem; Elements of research design; Sampling; Sources of data; Survey Research; Qualitative data analysis using MAXQDA.

YEAR THREE – SEMESTER TWO

RE 352 HOUSING II (3-0-3)
Objective The course continues with the first module covering areas such as the land factor, construction process, partnerships and the problematic informal housing sector. It is expected that it will complete the picture of a sound housing policy and delivery system for the advancement of the country’s growth.
Contents: The land factor in housing; land delivery for housing and tenure security; Housing construction and project management; formulating the project, tendering, supervision, construction administration; Partnerships in housing development; Role of stakeholders within the public, private and community sectors in housing delivery; opportunities for collaboration; The informal sector and slum upgrading; policies and instruments for problem of informal housing developments; The New ‘Ghana Shelter Policy’.

RE 354 ENVIRONMENT AND DEVELOPMENT (3-0-3)
Objective Students are expected at the end of the course to have an enhanced understanding of the intricate relationships between the environment and development and appreciate the links between resource development and sustainable environmental management.
Contents: Meanings of environment and development; Agents of environmental change; Concepts of sustainable development: weak and strong sustainability; Development activities and their impacts on the environment; e.g. construction activities such as housing, roads and dams; mining, etc; Environmental Impact Assessment (EIA): History of EIA in Ghana; legislation and practice. Methods of EIA, procedures and outcomes, including relevant case studies; Environmental Protection Measures: regulation-based and Incentive-based instruments.

RE 356 REAL ESTATE MARKETING AND BROKERAGE (3-0-3)
Objective The objective of the course is to expose the student to the marketing of real properties and the principles underlying the practice of estate brokerage. At the end of the course the student will be able to function as an estate agent in marketing and other activities.
Contents: Definition of marketing; Types of real estate marketing activities; market research, market analysis, market plan; Defining brokerage; role of the estate broker; relationship between Principal and Broker; Forms of contract; Methods of sale; Conveyancing procedures; Marketing; Practical issues with Brokerage – Registration, Fees, Deposits, Gazumping, Multiple Listing; Public auction; Advertising; functions of advertising, types of real estate advertising, advertising media, genera advertising rules; Ghana’s Estate Brokerage and Salesmen’s Bill.

LE 352    LAW OF REAL PROPERTY AND CONVEYANCING II (3-0-3)
Objective     This course is aimed at exposing the student to more practical applications of the law of property in Ghana. At the end of the course the student will have a deep understanding of the law relating to land title registration and compulsory purchase and compensation.
Contents    Compulsory Acquisition, Ownership; Nature of power of eminent domain; Discretionary powers; Public interest, Compensation: Market Value, Disturbance, Severance, Injurious Affection, Damages, The 1992 Constitutional Provisions; State Lands Act, 1962 (Act 123); Land Statutory Wayleaves Act.

LE 354 ADVANCED VALUATION II (3-0-3)
Objective This course continues with the practical application of the Principles of Valuation. At the end of the course the student will be able to value special properties using the appropriate valuation methods.
Contents: Valuation for special purposes – mortgages, insurance, company assets, going concern, probate; Valuation of special properties: agricultural holdings (including farms, farm houses forestry holdings, etc.) industrial (including plant and machinery, furniture, etc.), warehouses, offices, petrol filling stations; Statutory valuation for compulsory purchase and acquisition; Valuation of Statutory Wayleaves.

LE 362 RESEARCH METHODS II (2-0-2)
Objective: The course builds on the Part I began last semester. At the end of the course the student is expected to be able to complete an independent research project by analysing data and writing the research report.
Contents: Field Research; Data Processing; Analysis and Interpretation of Data; Ethics of Research; Report Writing; Practical qualitative data analysis using MAXQDA.

YEAR FOUR – SEMESTER ONE

RE 451    PROPERTY INSURANCE (2-0-2)
Objective    It is intended that at the end of this course that students should be equipped with the fundamentals of insurance and the application of these to real estate. It is thus a key objective of the course to provide an awareness of the relevance of insurance in the property industry as well as provide the requisite skills in understanding the relationship between the insurance and property industries.
Contents    Definition and History of Insurance; Basic Insurance Principles: insurable interest, utmost good faith, indemnity, proximate cause, subrogation, etc; Application of basic insurance principles to property, including insurable and uninsurable risks and who may insure; The insurance market, policy and practice: sum insured, calculation of value and premiums, etc.

RE 459 PROJECT WORK I (3-0-3)
Objective To provide students an opportunity to demonstrate their research methods training in practice in partial fulfilment of the requirements for the award of the degree.
Contents: Topic dependent.

LE 363 ESTATE MANAGEMENT 1 (3-0-3)
Objective The course introduces students to basic management principles and brings together some of the knowledge acquired so far in the Real Estate programme into a study of the principles governing Estate Management. It is to enable the student to understand the rudiments of Estate Management practice.
Contents: Introduction to Management: Definitions, Functions, Skills, Levels, TQM etc; Basic Concepts Overview: Estate, Property etc; Estate Management: Definitions; Objectives of Estate Management; Functions of Estate Management; Approaches to Estate Management: In-house, Agent etc; The Estate Management Process; Estate Management as an Integral Part of the Organisation.

LE 451 LAW OF SUCCESSION AND TRUST (3-0-3)
Objective This course aims at enhancing the student’s understanding of the law as it relates to Trusts and Succession. At the end of the course the student will be able to advice on the creation of trusts and interpret issues connected with testate and intestate succession.
Contents: Private Trust and Public Charitable Trusts; Express, Implied and Constructive Trusts; Appointment, Discharge and Duties of Trustees; Testate and Intestate Succession in Ghana; The Wills Act, 1971(Act 360):-Essential requirements of a Will, Executors and Witnesses, Revocation of Wills and Revival of Revoked Wills, Wills made outside Ghana; Probate and Letters of Administration; Intestate Succession Law, 1985(PNDCL 111).

LE 455    PROFESSIONAL PRACTICE I (3-0-3)
Objective     The course seeks to prepare the student for the practice of the profession. At the end of the course the student will be able to write simple professional reports, and know the procedures to be followed in appearing as an expert witness in court and preparing an appeal before the Rate Assessment Committee.
Contents    Market Research for valuations; Analysis of market data; Components of the valuation report: Date of Valuation, Authority for the valuation, Description of property, Situation, Title, Conformity to zoning and other planning regulations, Services, Constructional Details of the property, The Valuation Certificate; The Valuer as an expert witness in a court of law; Appeals before a Rate Assessment Committee. Practical examples of real estate feasibility and viability analysis, writing of contract proposals, Study visits to real estate developments sites.

YEAR FOUR – SEMESTER TWO

RE 452 REAL ESTATE TAXATION (3-0-3)
Objective The course is aimed at analysing the various taxes in the country with particular reference to land taxes, so that at the end of the course the student will be able to apply taxation in his work. At the end of the course the student will be able to interpret the Valuation List and apply the principles of property rating to district assemblies.
Contents: Principles and canons of taxation; tax policy; distinction between central Government; taxes and local levies, Forms of income taxes; Corporate and personal income tax, Profit tax, value added tax etc. Objectives of real property taxation; Types of real property taxes in Ghana: Gift tax, Inheritance tax, Wealth tax, Capital Gains tax, Stamp Duty, Rent tax; Betterment Levies; Income tax and real estate investment; Tax credits; Tax accounting.

RE 460 PROJECT WORK II (3-0-3)
Objective To further introduce students to independent small-scale research work.
Contents: Topic dependent.

LE 364    ESTATE MANAGEMENT II
Objective     This course brings together some of the knowledge acquired so far in the programme into an extensive study of the principles governing Estate Management practice and introduces the student to Facilities Management. The course is to enable the student to understand and perform basic Estate and Facilities Management functions.
Content    Property Maintenance; Estate Management Records; Outgoings & Service Charges: Taxes, Insurance, etc; Managing Different Types of Properties; Estate Management Policy; Introduction to Facilities Management.

LE 452 ARBITRATION AND CIVIL PROCEDURES (3-0-3)
Objectives In this course the student is exposed to the legal principles underlying arbitration. Also introduced are the elements of Civil Procedure. At the end of the course the student will be able to serve as an umpire and conduct arbitration proceedings. The student will also be able to appear in court as an expert witness.

Contents: Customary Arbitration: Features, Effects, Relationship with Negotiated Settlements, How to Set Aside Award, Statutory Arbitration: Principles; Arbitration Act 1961; Powers of Arbitrator and Umpire; Conduct of Proceedings; Awards; Costs and Fees; Civil Procedures: Proceedings, Applications, Pleadings, Conditional Appearance, Third Party Contributions etc.

LE 456 PROFESSIONAL PRACTICE II (3-0-3)
Objective: The course seeks to prepare the student for the practice of the profession. At the end of the course the student will know about the regulation of professional activities in the country and also be able to manage a professional office.
Contents: Rules of professional practice and code of conduct; The Ghana Institution of Surveyors: Constitution and Bye Laws; Code of professional ethics, Discipline; Professional liabilities and indemnities; Types of professional firms and their implications; Office procedure and management: Job descriptions, Organization of personnel, Chain of authority, Specialization, Office records, Cash flow and expenditure management, Tax liabilities.

Programme Type

BSc (Hons)

Land Economy

demo-user — Mon, 14 May 2018 17:04:34 +0000

Land Economy demo-user Mon, 05/14/2018 - 17:04

YEAR ONE – SEMESTER ONE

LE 151    GENERAL PRINCIPLES OF LAW I (303)
Objective    The objective of the course is to provide a bird’s eye view of law as an introduction to the many legal topics that will be taught in the next three years. At
the end of the course the student will be conversant with the sources of law and the general legal system operating in the country.
Contents    The sources of law; statute law, common law, equity and customary law.
The major divisions of law with particular reference to distinctions between Contract, Tort, Crime and Property,
Statute and subsidiary legislation; interpretation,
General principles of equity; legal and equitable interests in land:
Case law and doctrine of precedents.
The organization and jurisdiction of the courts and tribunals in Ghana.
The Judicial System

LE 153    BUILDING CONSTRUCTION I (223)
Objective    Building construction is a major course in the training of the land economy graduate and will be taken in the first three years of the programme. This is an
introductory course and aims at introducing the student to building construction as a subject. At the end of the course the student is expected to have a general view of the
building industry and identify traditional and contemporary structural forms and relate them to their social and economic implications.
Contents    People concerned with buildings: the design team, construction team and approving/law enforcement authorities
Preliminaries to building: Preliminary investigations and site preparation
Building materials and their effect on function and design eg. Concrete, blocks, stones, timber, plywood.
Economic and sociocultural consideration in design.
Elements of building: Substructure – foundation types, basements, water proofing, etc.
Studio Work: Introduction to draughtsmanship

LE 155    LAND ECONOMICS I (202)
Objective    This course introduces the student to the Land Economy programme. At the end of the course the student is expected to know the place of land in society and its
economic and other implications.
Contents    Definitions and Concepts of “Land” and “Land Resources” in economic and legal theories;
Factors affecting decisionmaking in land use: physical, economic, and institutional;
The basic concepts in land use decisionmaking;
Supply and Demand of land resources;
Concept of Proportionality.

CSM 183     INTRODUCTION TO COMPUTERS I (122)
Objective    Information and communications technology (ICT) is increasingly taking centre stage in the affairs of men. The purpose of the course is to introduce the student
to the use of computers to enable him participate meaningfully in the ICT environment. At the end of this course the student will be able to have a general knowledge of
computers and be able to carry out simple windows based activities.
Contents     A general introduction to computers and computing;
Introduction to DOS;
Introduction to Windows;
Introduction to Word Processing (Microsoft Word).

LE 159    FINANCIAL MATHEMATICS I (303)
Objective    In this course the student will be introduced to mathematics as applied to financial operations. The course is an introduction to courses, such as Principles of
Valuation and Investment Appraisal, which will be taught later in the programme. At the end of the course the student will have a good understanding of how the Valuation Tables
have been compiled.
Contents    Arithmetic & Geometric Progressions;
Simple & Compound interests;
Application of Simple Interest – Negotiable Instruments & Treasury Bills;
Application of Compound Interest in the Construction of Valuation Tables: Amount of ¢1.00 Table, Amount of ¢1.00 p.a. Table, Present Value of ¢1.00 Table, Present Value of ¢1.00
p.a. Table, Annual Sinking Fund Table, Annuity Table;
Interrelationships among Tables.
LE 161    Principles of Agriculture (see Faculty of Agriculture)

ENGL 157    COMMUNICATION SKILLS (202)
Objective    This course is aimed at helping to improve the ability of the student to communicate in good and fluent English
Contents    Parts of speech (i) Nouns and Pronouns
Parts of speech (ii) Verbs, Voice and Tense
Parts of speech (iii) Adjectives and Adverbs
Parts of speech (iv) Conjunctions, Prepositions and Interjections
Concord, Error Analysis
The Article
Direct and Indirect Speech
The Sentence
Punctuation
Paragraphing

GE 183    PRINCIPLES OF SURVEYING (303)
Objective    This course is aimed at helping to improve the survey of small areas for producing largescale plans for all purposes.
Contents    Chain Surveying;
Compass Surveying;
Theodolite Traversing;
GPS Surveys;
Contouring;
Simple Plane Coordinates Calculation;
Calculation of Areas and Volume;
Errors in General and particularly on Errors in Chaining and Levelling.

YEAR ONE – SEMESTER TWO

LE 152    LAW OF CONTRACT (303)
Objective    The student is given indepth knowledge of the law of contract generally. At the end of the course the student will be able to recognize contractual relationships

and how these relate to his work as a land economist.
Contents    Nature and Types of Contract;
Formation of contracts: essential requirements;
Terms: express, implied, construction, exemption clauses, Vitiating elements, Discharge;
Breaches: remedies, penalties, damages, specific performance;
Bailment;
Contract for sale of land.
Contract Act

LE 154    BUILDING CONSTRUCTION II (223)
Objective    This continues the course began in the First Semester and has the objective of helping the student to understand the construction and nature of structures on land.
Contents    Building elements – superstructure: walls, floors, roofs and ceiling work
Finishes in construction
Stairs
Studio work.

LE 156    LAND ECONOMICS II (202)
Objectives    The course introduces the student to more concepts of applied economics. At the end of the course the student will have a deeper understanding of land resource issues.
Contents    Theories of location in relation to rural and urban land use;
Theories of urban growth;
Rent and land use;
Conservation of land resources fund, flow, composite;
Introduction to planning and land use.

CSM 184    INTRODUCTION TO COMPUTERS II (122)
Objective    This course continues the first part of the course started in the last semester. It introduces the student to more complex operations of the computer. At the end
of the course the student will be able to perform operations using electronic spreadsheets. The student is also introduced to the use of the internet.
Contents    Introduction to Electronic Spreadsheets (Both DOS and Windows Versions);
Introduction to Database (Both DOS and Windows Versions)
Introduction to the Internet – how it works, emails, searching for information.

LE 160    FINANCIAL MATHEMATICS II (303)
Objective    This course continues the course in financial mathematics started in the first semester. At the end of the course the student will understand the relationships
between the various discounting methods and be able to carry out simple operations involving them.
Contents    Annuities – Explanation, Types, Present Value, Future Value, term and Interest Rate;
Mortgages – Explanation, amount of a mortgage, Mortgage Instalments, Return on capital;
Discounted Cash Flow Techniques – Explanation, Net Present Value (NPV) and Internal Rate of Return (IRR) Approaches

LE 162    PRINCIPLES OF FORESTRY (202)
Objectives    This course introduces the student to the operation of the forestry industry. At the end of the course the student will be able to understand the role of
forestry as a major land resource base.
Contents    Ghanaian forest policy;
Environmental factors affecting the distribution and growth of trees – climatic, topographic, edaphic and biotic;
The relationship of environmental factors to the main forest types in Ghana;
An outline of the botanical and silvicultural characteristics of important species in Ghanaian forestry; Systems of silvicultural practice in Ghana.
The Forestry Management Project and its implications for forestry in Ghana.

ENGL 158    COMMUNICATION SKILLS (202)
Objectives
Contents    The Communication Process
Skills in Communication – reading, listening and summary skills
Communication in Organizations
How to prepare efficient documents
The dynamics of Oral Communication, Speech writing and Presentations, The telephone, usage and abuse, Interviews
Letter and Employment Correspondence: The Inquiry Letter, The Claim Letter, The Letter of Adjustment, The Job Application letter, The Curriculum Vitae, The Letter of Acceptance,
The Letter of Refusal, Job Description
Memos – Briefs, Meetings, Minutes,
Technical Report Writing
Writing Long Essays and Dissertations
Writing Proposals

LE 164    INTRODUCTION TO GEO – INFORMATION SYSTEMS (223)
Objectives    The course introduces the student to Geoinformation systems. It is expected that the acquired knowledge will become a tool for management of professional
activities.
Contents    GIS concepts
Coordinate systems
Cartographic visualization; Multicriteria evaluation; Map projections
Manipulating field results in ArcView
GIS input; Data analysis
Introduction to ArcView
Multicriteria evaluation
Geographical information and spatial data types

YEAR TWO – SEMESTER ONE

LE 251    LAW OF TORT (303)
Objectives    The course seeks to give the student an understanding of the nature of relationships in tort. At the end of the course the student will be able to understand the
legal implications of land ownership in relation to the rights of other people in tort.
Contents    General principles of liability in tort;
Liability for torts of others;
Torts relating to land;
Trespass;
Nuisance;
Negligence;

LE 253    PRINCIPLES OF VALUATION I (303)
Objectives    The course introduces the student to the basics of valuation. At the end of the course the student will be able to understand the role of the Valuer in society.
Contents    Nature, purpose, functions and process of valuation;
Role of the valuer in society;
Elements and characteristics of value in economic, social, ethical theories;
The nature and characteristics of real estate markets: the real estate market in Ghana;
Determination of land values;
Influence of land values in economic, social, fiscal and political policies;
Distinction between Basis and Method of valuation;
Introduction to methods of valuation.

LE 255    INTRODUCTORY STATISTICS I (303)
Objectives    The course introduces the student to the nature of statistics and basic statistical concepts. At the end of the course the student will be able to carry out
operations in statistics and analyse data using statistical tools.
Contents    General introduction to the nature and use of statistics;
Method of data reduction;
Descriptive statistical analysis of frequency data;
Calculation of measures of central tendency and dispersion.
Elementary Probability Theory;
Random experiments; sample spaces and events,
Elements of Combinatorial analysis,
Relative frequency interpretation of probability, laws of probability;
Mutually and nonmutually Exclusive events, Mutually Exclusive events;
Statistical independence, conditional probability and Base Theory;
Random variables and probability distribution.

LE 257    BUILDING CONSTRUCTION AND SERVICES (223)
Objectives    At the end of the course the student will be able to identify and understand the
nature and construction of services in buildings and the neighbourhood services in buildings: sanitation and drainage systems i.e. above ground and underground systems.
Contents    Water supply and sanitation Sewerage system and drainage.
Repairs and restorations
Studio Work.

LE 259    ELEMENTS OF CENTRAL AND LOCAL GOVERNMENT I (303)
Objectives     This course aims at equipping the student with the tools to participate in the political environment Land Economy takes place. At the end of the course the student will be able to distinguish between the functions of central and local governments and understand their various modes of operation.
Contents    Purpose, features and functions of Government;
Organs of Government – the executive, the legislature and the judiciary in theory and in the Ghanaian Constitution;
The British, American, and the French (4th Republican) Constitutions;
The Concept of the Rule of Law, The Doctrine of Separation of Powers and Checks and Balances;
Political Parties and the Party System;
Delegated Legislation.

LE 261    FUNDAMENTALS OF PLANNING I (303)
Objectives    The course is aimed at equipping the student with knowledge about the basis of planning in society. At the end of the course the student will have the basic
tools to analyse planning decisions and their implications for society.
Contents    The meaning and nature of planning
The scope and types of planning – economic, social, spatial/physical, integrated
Levels of planning – national, district, local
Planning process
Town planning and its relationship with Land Economy
Settlement planning – origin of towns
Planning and the environment

ENGL 263 LITERATURE IN ENGLISH (101)

YEAR TWO – SEMESTER TWO

LE 252    PRINCIPLES OF CUSTOMARY LAND LAW (303)
Objectives    The course introduces the student to the customary rules and regulations, which govern, land tenure relations in the country. At the end of the course the

student will be able to identify the general rules of customary land tenure in the country and recognize the divergences due to the cultural differences among the various tribal
communities in the country.
Contents    Customary definitions of land;
Types of estate in land;
Allodial
Usufruct
Licence, etc
Incidents of the Allodial and usufructuary estates
Family usufruct and its incidents
Stranger usufruct
Customary tenancy arrangements:
Abunu
Abusa
Huza, etc
Customary testacy Nsamansiw

LE 254    PRINCIPLES OF VALUATION II (303)
Objectives    This course continues to expose the students to the principles governing valuation. At the end of the course the student will be able to apply the methods of
Valuation to empirical situations.
Contents    The principles of investment;
Estimation of the yield and the Year’s Purchase;
The concept of Rental Value;
Outgoings;
Principal types of interests in real estate;
Detailed treatment of the Investment Method of valuation – valuation of freehold interests let at full rental value, valuation of freehold interests let at less than the full
rental value, valuation of leasehold and subleasehold interests;
Effect of taxation on valuations.

LE 256    INTRODUCTORY STATISTICS II (303)
Objectives    The course introduces the student to the nature of statistics and basic statistical concepts. At the end of the course the student will be able to carry out
operations in statistics and analyse data using statistical tools.
Contents    Random variables and probability distribution;
Discrete distributions,’ binomial, Poisson, Geometric, multinomial;
Continuous distributions, Normal, tdistribution, Fdistribution, Chi Square;
Sampling distributions Means, Proportions, Differences and Sums, Standard errors;
Statistical Estimation Theory, Estimation of Parameters, Point Estimates and Interval Estimates, Confidence – Interval Estimates of Population Parameters;
Statistical Decision Theory, Statistical Hypotheses, Tests of Hypothesis and Significance, Tests involving Normal, t, f, and X2 distributions;
Correlation and Regression;
Oneway ANOVA.

LE 258    INDUSTRIAL STRUCTURES AND BUILDING QUANTITIES (223)
Objective    The course is a continuation of the courses in building construction begun in earlier years. It introduces the student to the rudiments of quantity surveying. At

the end of the course the student will be able to interpret a Bill of Quantities and be able to evaluate Interim and Final Certificates. In addition the student will have a good
understanding of hydrostatics.
Contents    Elementary hydrostatics and hydraulics and road construction
General principles of building quantities Purposes of a bill; process in quantity works; methods of measurements; modern quantity techniques; preparation and forms of bills;
measurements, taking off, bill preparation process. Introduction to contract administration with emphasis of interim certificates and final certificates for practical and final completion.
Studio Work.

LE 260    ELEMENTS OF CENTRAL AND LOCAL GOVERNMENT II (202)
Objectives    The course introduces the student to local government administration and explains how local authorities work. At the end of the course the student will have an
understanding of the district assembly system and how it relates to the work of land economist.
Contents    The need and constitution of local government;
Devolution, Delegation, and Decentralisation;
The Principles of Natural Justice and Local Government;
The Doctrine of Ultra vires and local government;
The New Local Government System: Act 462 and the need for reform;
The District Assemblies – Composition and functions;
The Committee System;
Planning functions;
The substructures of the Assemblies: the SubMetros, the Unit Committees and Community involvement in the Assemblies’ activities;
Byelaws;
District Assembly Finance.

LE 262    FUNDAMENTALS OF PLANNING II (303)
Objectives    The course aims at equipping the student with the basic tools for analysing planning decisions. At the end of the course the student will be able to identify and
analyse the dynamics of location theory and how these affect the structure of the built environment.
Contents    History and development of planning in Ghana
General principles of location
Preparation and interpretation of development plan
Preparation of planning schemes – estimation of space allocations
Housing studies – policies and estimation of housing need and demand
The neighbourhood concept
Institutional structure of planning in Ghana
ENGL 264    LITERATURE IN ENGLISH (See Department of English)
Objective
Contents

YEAR THREE – SEMESTER ONE

LE 351    LAW OF CONVEYANCING (303)
Objectives    This course aims at exposing the student to the major topics in the law of real property. At the end of the course the student will understand Conveyancing
procedures and Mortgages and will be able to resolve issues relating to landlord and tenant relations.
Contents    Sales and Assignments
Landlord and tenant relation;
The Rent Act, 1963 (Act 220)
Conveyancing Decree, 1973(NRCD 175)
Licences
Registration of Deeds under Land Registry, 1962 (Act 122).
Title Registration under the land title Registration Law, 1986 (PNDCL 152).
Limitations Decree, 1974.
Mortgages under the Mortgages Decree, 1972(NRCD 96)

LE 353    ADVANCED VALUATION I (303)
Objectives    This course introduces the student to the practical application of the methods of valuation. The emphasis will be on practice; a number of exercises will be
undertaken by the student. At the end of this course the student will be able to value properties using any of the methods of valuation.
Contents    Detailed treatment and practical application of valuation methods:
Comparative Method;
Replacement Cost Method;
Profits Method;
Residual Method;
Investment Method: marriage value, premiums, surrenders and renewals of leases;
Valuation for special purposes – mortgages, insurance, company assets, going concern, probate.

LE 355    LAND USE PLANNING & ADMINISTRATION I (202)
Objectives    This course introduces the student to the principles of land use planning. At the end of the course the student will have an understanding of the dynamics of
human settlement planning.
Contents    The nature and meaning of land use planning;
Determinants of land use planning;
Principles of land use planning;
Land use classification; the land use planning process;
Regional planning;
Urbanisation and its planning implications;
The city and its hinterland;
Periurban dynamics: suburban and the growth of the city;
The structure of the city, the Central Business District;
Zoning Regulations.

LE 357    BUILDING CONSTRUCTION V (303)
Objectives    The course is a continuation of the courses already begun in earlier years. At the end of this course the student will have a good understanding of the
construction process.
Contents    Construction of Residential and Simple Commercial/Industrial buildings: emphasis on siting and choice of materials and construction techniques.
Floors and roof systems for industrial, commercial and residential buildings of complex nature i.e. multistorey blocks of flats.
Repairs and restorational: Elements of building maintenance planned and unplanned maintenance policies.
Elementary hydrostatics: sources of water i.e.
Surface and underground supplies
Water treatment and distribution
Elements of Road Construction: subgrades, drainage systems: types of wearing surfaces.
Studio work

LE 359    PRINCIPLES OF ACCOUNTING I (202)
Objectives    The course aims at giving the student a detailed understanding of the principles governing accounting practice. At the end of the course the student will be able
to prepare balance sheets and profit and loss accounts for noncomplex organizations.
Contents    Purpose and structure of accounting;
Books of accounts and accounting transactions;
Position and income statement;
Accounts and transactions;
Trading and profit and loss account, Balance Sheet etc;
Basic accounting concepts, accrual, goingconcern, dual aspect, and cost concepts;
Revenue, expenses and other charges.

LE 361    RESEARCH METHODS (202)
Objectives    This course introduces the student to the major topics in research methodology. At the end of the course the student will be able to undertake research using
survey instrumentation.
Contents    Introduction to Research;
The Research Process;
Formulation of the Research Problem;
Elements of Research Design;
Sampling;
Sources of Data;
Survey Research;

Qualitative data analysis using MAXQDA

LE 363    ESTATE MANAGEMENT 1 (303)
Objectives    The course introduces students to basic management principles and brings together some of the knowledge acquired so far in the Land Economy programme into a
study of the principles governing Estate Management. It is to enable the student to understand the rudiments of Estate Management practice.
Contents    Introduction to Management: Definitions, Functions, Skills, Levels, TQM etc
Basic Concepts Overview: Estate, Property etc
Estate Management: Definitions
Objectives of Estate Management
Functions of Estate Management
Approaches to Estate Management: Inhouse, Agent etc
The Estate Management Process
Estate Management as an Integral Part of the Organisation

YEAR THREE – SEMESTER TWO

LE 352    LAW OF TRUST AND SUCCESSION (303)
Objectives     This course aims at enhancing the student’s understanding of the law as it relates to Trusts and Succession. At the end of the course the student will be able to
advice on the creation of trusts and interpret issues connected with testate and intestate succession.
Contents    Private Trust and Public Charitable Trusts
Express, Implied and Constructive Trusts
Appointment, Discharge and Duties of Trustees
Testate and Intestate Succession in Ghana
The Wills Act, 1971(Act 360)
Essential requirements of a Will
Executors and Witnesses
Revocation of Wills and Revival of Revoked Wills
Wills made outside Ghana
Probate and Letters of Administration
Intestate Succession Law, 1985(PNDCL 111)

LE 354 ADVANCED VALUATION II (303)
Objectives This course continues with the practical application of the Principles of Valuation. At the end of the course the student will be able to value special properties using the appropriate valuation methods.
Contents Valuation for special purposes – mortgages, insurance, company assets, going concern, probate.
Valuation of special properties: agricultural holdings (including farms, farm houses forestry holdings, etc.) industrial (including plant and machinery, furniture, etc.), warehouses, offices, petrol filling stations;
Statutory valuation for compulsory purchase and acquisition
Valuation of Statutory Wayleaves.

LE 356    LAND USE PLANNING & ADMINISTRATION II (202)
Objectives    At the end of this course, the student will be able to process a development application and have a good understanding of the legal basis of planning and
development control.
Contents    Principles of development control;
The institutional framework for achieving development control;
Planning law and procedure: Structures for central and local administration;
The Role of the Minister and the District Assembly;
Definition of development;
Planning permission: development applications, applications for subdivisions and change of use;
Enforcement of planning controls;
Purchase notices – adverse planning decisions and adverse planning proposals;
Planning enquiries;
The Ghana Building Regulations

LE 358    BUILDING CONSTRUCTION IV (303)
Objectives    The course introduces the student to the rudiments of Quantity Surveying. At the end of the course the student will be able to interpret a Bill of Quantities and
be able to evaluate Interim and Final Certificates.
Contents    General principles of Building Quantities;
Purposes of a Bill and processes in bill preparation, i.e. taking off and working up.
Modern quantities techniques and forms of bills.
Introduction to Contract Administration with emphasis of interim certificates and final certificates for practical and final completion.

LE 360    PRINCIPLES OF ACCOUNTING II (202)
Objectives    At the end of the course the student will be able to interpret the accounts of limited liability companies and be able to carry out depreciation of fixed assets.
Contents    Financial organisation and direction of business;
The limited liability company, shares;
Basic classification of accounts for holding business;
Plant assets Valuation of Plants;
Depreciation of noncurrent assets.

LE 362    RESEARCH METHODS II (202)
Objectives    The course builds on the Part I began last semester. At the end of the course the student will be able to complete a research project by analysing data and
writing the research report.
Contents    Field Research;
Data Processing;
Analysis and Interpretation of Data;
Ethics of Research;
Report Writing.
Practical qualitative data analysis using MAXQDA

LE 364    ESTATE MANAGEMENT II (303)
Objectives    This course brings together some of the knowledge acquired so far in the programme into an extensive study of the principles governing Estate Management practice
and introduces the student to Facilities Management. The course is to enable the student to understand and perform basic Estate and Facilities Management functions.
Contents    Property Maintenance
Estate Management Records
Outgoings & Service Charges: Taxes, Insurance, etc
Managing Different Types of Properties
Estate Management Policy
Introduction to Facilities Management

YEAR FOUR – SEMESTER ONE

LE 451    COMPULSORY PURCHASE AND COMPENSATION (303)
Objectives     This course is aimed at exposing the student to more practical applications of the law of property in Ghana. At the end of the course the student will have a
deep understanding of the law relating to land title registration and compulsory purchase and compensation.
Contents    Compulsory Acquisition
Ownership
Nature of power of eminent domain
Discretionary powers
Public interest
Compensation
Market Value
Disturbance
Severance
Injurious Affection
Damages
The 1992 Constitutional Provisions
State Lands Act, 1962 (Act 123)
Land Statutory Wayleaves Act

LE 453    ESTATE AGENCY (303)
Objective    The objective of the course is to expose the student to the principles underlying the practice of Estate Agency. At the end of the course the student will be
able to function as an estate agent.
Contents    Definitions;
The Estate Agent and his role in society;
Types of Agency;
Relationship between Principal and Agent;
Forms of contract;
Methods of sale;
Conveyancing procedures;
Marketing; Practical issues with Agency – Registration, Fees, Deposits, Gazumping, Multiple Listing;
The Estate Brokerage and Salesmen’s Bill.

LE 455    PROFESSIONAL PRACTICE I
Objectives    The course seeks to prepare the student for the practice of the profession. At the end of the course the student will be able to write simple professional
reports, and know the procedures to be followed in appearing as an expert witness in court and preparing an appeal before the Rate Assessment Committee.
Contents    Market Research for valuations;
Analysis of market data;
Components of the valuation report:
Date of Valuation
Authority for the valuation
Description of property
Situation
Title
Conformity to zoning and other planning regulations
Services
Constructional Details of the property
The Valuation Certificate.
The Valuer as an expert witness in a court of law;
Appeals before a Rate Assessment Committee.

LE 457    REAL ESTATE FINANCE I (303)
Objectives    This course introduces the student to the principles underlying the appraisal of investments. At the end of the course the student will be able to undertake
feasibility and viability appraisals.
Contents    The concepts of Discounting, Risk and Uncertainty;
Methods of investment appraisal: Essentials of a Feasibility and Viability Appraisal;
Financial Appraisal: Traditional methods – payback or cut off approach, peak profit approach and Average approach;
Financial Appraisal: Cash flow Approach, – NPV and IRR;
Profitability and its measurement;
Rental Growth and effect of Cost inflation;
Financial Appraisal: Sensitivity and Probability Analysis.

LE 459    RATING AND TAXATION I (303)
Objectives     The course is aimed at analysing the various taxes in the country with particular reference to land taxes. At the end of the course the student will be able to
apply taxation in his work.
Contents    The principles and canons of taxation;
Distinction between central government taxes and local levies;
Corporate and personal Income Tax;
Profit tax;
The Value Added Tax;
Objectives of land taxation;
Methods of taxing proprietary interests in land;
Types of land taxes in Ghana: Gift tax, Inheritance tax, Wealth tax, Capital Gains tax, Stamp Duty, Rent tax;
Betterment Levies.

YEAR FOUR – SEMESTER TWO

LE 452    ARBITRATION AND CIVIL PROCEDURES (303)
Objectives     In this course the student is exposed to the legal principles underlying arbitration. Also introduced are the elements of Civil Procedure. At the end of the
course the student will be able to serve as an umpire and conduct arbitration proceedings. The student will also be able to appear in court as an expert witness.
Contents    Customary Arbitration
Features
Effects
Relationship with Negotiated Settlements
How to Set Aside Award
Statutory Arbitration
Principles Arbitration Act 1961
Powers of Arbitrator and Umpire
Conduct of Proceedings
Awards
Costs and Fees
Civil Procedures
Proceedings
Applications
Pleadings
Conditional Appearance
Third Party Contributions etc

LE 456    PROFESSIONAL PRACTICE II (303)
Objectives     The course seeks to prepare the student for the practice of the profession. At the end of the course the student will know about the regulation of professional
activities in the country and also be able to manage a professional office.
Contents    Rules of professional practice and code of conduct;
The Ghana Institution of Surveyors:
Constitution and Bye Laws;
Code of professional ethics
Discipline
Professional liabilities and indemnities
Types of professional firms and their implications.
Office procedure and management
Job descriptions
Organization of personnel
Chain of authority
Specialization;
Office records
Cash flow and expenditure management
Tax liabilities

LE 458    REAL ESTATE FINANCE II (303)
Objectives    This course continues the introduction of the student to the principles underlying the appraisal of investments. At the end of the course the student will be
able to understand and undertake finance syndication for projects.
Contents    Types and sources of property development finance;
Different funding methods: Bridging Finance, Project Management, Forward Sale, Mortgage Finance, Sale and Leaseback, Reverse Leaseback;
The Development Process;
Introduction to Environmental Impact Assessment procedures.

LE 460    RATING AND TAXATION II (303)
Objectives    The course is aimed at introducing the student to the property rate as a source of revenue at the local level. At the end of the course the student will be able
to interpret the Valuation List and apply the principles of property rating to district assemblies in Ghana.
Contents    Annual value and Capital Value as bases of the Property Rate;
Variants of the Property Rate: Land, Land and Buildings, Buildings, etc. and their evaluation;
General principles of rating: The Hereditament, the Rebus Sic Stantibus principle, The Hypothetical Tenancy principle, the Tone of the List;
Basis of Rating under the Local Government Act, 1993 (Act 462)
Preparation of the Valuation List – preparation of Divisional Plans, Block Plans, Building sketches, Referencing, the valuation;
Rating of Plant and Machinery;
The Rate Impost;
The Valuation Roll;
Principles underlying exemptions;
Objections.
Rate collection methods of District Assemblies;

Programme Type

BSc (Hons)