Document downloads - Flood risk
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Surveys of residential property (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
This guidance note provides a clear, flexible framework for practitioners to develop their own services the public can trust, consistent with the quality standards expected from RICS members.
In May 2016, this guidance was updated and reissued by RICS. Changes made with immediate effect relate to:
- Liability caps: it is generally wise to include some form of limitation of liability in the contract letter, providing a cap on the amount of compensation the surveyor (or their employer) may be found liable for. This is now provided for in section 5 and Appendix A.
- Cancellation rights: members should take legal advice to ensure the Contract letter is compliant with legislation relating to a 'cooling off' period in accordance with the Consumer Contracts Regulations 2013. This is also now provided for in section 5 and Appendix A.
- Unexpired leasehold term: the assumption at 5.1.8 has been brought into line with RICS Valuation – Professional Standards UK appendix 10 with the unexpired lease term assumption adjusted from 70 years to 85 years
- The sample scope of engagement at Appendix A is not mandatory, but may help practitioners develop documentation that supports clearer client understanding. -
What is the impact of flooding on property values? (RICS)
Published June 2009
This research indicates that flooding has only a temporary impact on property values, and after three years prices had returned to their normal market level. While flood events in low risk areas had no impact on property prices, being designated at high risk of flooding also has had no effect on property values in areas with no flood events. -
Impacts of flooding on SMEs and their relevance to chartered surveyors (RICS)
Published September 2012
This report looks at chartered surveyors’ knowledge and understanding of both direct and indirect impacts of flooding on SMEs. -
Flooding: issues of concern to RICS surveyors and valuers (Residential property) (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
This information paper describes the nature of the current flood risk problem, the consequences of that risk and how a residential practitioner may take these into consideration when providing residential survey and valuation services. -
Flood risk mitigation and commercial property advice: an international comparison (RICS)
Published March 2017
Commentators have increasingly raised concern over the impact of flood risk on commercial property insurability, maintenance and recovery, property utility and, ultimately, property value.