Segment 1: Objective, Spectrum and Interpretation
- Objective
The following series of articles will serve to guide leaders and those that serve under them in regards to outlining conventions and steps that can be undertaken in the procurement, application, control and disposition of real estate and similar property by the command echelon of a unit. This will include approaches in regards to real estate and property management anywhere on the planet.
- Spectrum
These series serve to provide information, approaches and means in regards to real estate and property management that are in conjunction with the respective laws, treaties, agreements and regulations of the area of operations in which they are needed. Information presented will include the usual makeup of activities, responsibilities and tasks in relation to the real estate organization as well as methods applicable to inventory management, condition surveys, claims processing and the keeping of records and ledgers. There will also be listed some form types and formats typically used in the administration of these duties, and the organization. Duties and responsibilities that leaders need to execute in their day to day schedule regarding usage of these real estate assets are also examined.
- Interpretation
For these series of articles, we will interpret some common real estate terminology that might prove to be valuable later down the line.
A) Real estate – Land and whatever comes within it: Leaseholds, buildings, additions and accessories to a structure, such as piers, docks, warehouses, rights-of-way and easements, whether it may be temporary and permanent, as well as legalities regarding improvements upon these nonpossessory easements by the occupier.
B) Equipment in Place – The personal property of previous occupants that can be moved and typically comprises:
- Capital equipment that can be utilized for more than 1 year and are in value of more than $100 either combined or per item.
- Those items that do not qualify to be categorized as capital equipment, nor can they be categorized as expendable assets, yet they have been fixed or built into the real estate asset to serve some specified function.