International Property Measurement Standard - … · •Includes API, PCA •Includes FIG, RICS, IMF ... Questions and Answers . Questions and Answers . Questions and Answers . Questions

International Property Measurement Standard

Mike Stapleton

Landdata Surveys Canberra

“FOOTLONG”

More or Less – Land Area Disputes “The giant multinational Subway Restaurant chain was caught short

recently when Perth teenager… posted a photo to the company’s Australia’s Facebook page featuring a “footlong” sandwich with proof that it only measured 11 inches! The posting went viral with hundreds of thousands of views world-wide and even the filing of class action law suits against the company in some states in the US.

When it comes to the purchase of Land, the physical dimensions and overall area of any property is hardly as trifling a concern as an undersized sandwich. Land areas are required to be recorded in contracts and for newly subdivided blocks being sold as part of a property development usually, a full plan showing all of the dimensions of the block is also required.

With modern surveying techniques enabling measurements to be taken down to the millimetre and considering the ever increasing costs of land, it is any wonder that property owners and buyers are very keen to make sure they get every square centimetre of what they paid for.” The Zande Law Team

International Property Standards Coalition

• 58 Professional and not for profit organisations

• Includes API, PCA

• Includes FIG, RICS, IMF

• Excludes SSSI, ISNSW, ISV

• Australia represented on Standards Committee, but not PCA members

Standards Setting Committee

Part1: Aim and Scope of Standards

• Definitions

• Aim of Standards

• Use of Standards

Part 2: Principles of Measurement • General Principles

• Best Measurement Practice

Units

Tolerance

Reporting

• Limited use areas

Area difference from internal dominant face

Areas with limited height

Areas with limited natural light

Above and below ground

• Interface adjustment

Principles

Practice

Units

Tolerance

Reporting

Limited Use Areas

Limited Use Examples

IPMS STANDARDS

• IPMS 1 – (Planning)

• IPMS 2 – Office

• IPMS3 – Office

IPMS 1

• Use

• Definition

Inclusions and Exclusions

IPMS2

• Use

Definition

Inclusions and Exclusions

Internal Dominant Face

Component Areas

Component Areas

Limited use areas

IPMS 2 SPREAD SHEET

IPMS 2 SPREAD SHEET

IPMS 3- OFFICE

• Use

IPMS 3- OFFICE

• Definition

IPMS 3- OFFICE • Inclusions and Exclusions

Australian Applications

• IPMS1 - GFA

• IPMS2 - NLA (NABERS)

• IPMS3 - NLA (Lease Areas)

Questions and Answers

Questions and Answers

Questions and Answers

Questions and Answers

Questions and Answers

Questions and Answers

Questions and Answers

IPMS Next

• Residential – first half of 2015

• Industrial

• Retail

Implications

• Surveyors will need to learn new standards

• Legislation may need to be gradually amended

• Other property professions will need to be advised of the standard.

• Clients may request both NLA and IPMS, requiring conversions.

Opportunities

• Surveyors can lead the way in learning and adopting the new standards.

• Opportunities to “teach”/advise other disciplines of the standard.

• Knowledge of new standard reinforces perception of surveyor as expert in measurement

• SSSI join IPMSC

• Involvement with Property Council of Australia in promoting and instigating the new standard