Guidance notes provide advice to practitioners on all aspects of the profession. Where procedures are recommended for specific professional tasks, these documents are intended to embody 'best practice'.
All practitioners must inform themselves of new and updated guidance notes within a reasonable time of their promulgation in order to remain professionally competent. When an allegation of professional negligence is made against a surveyor, the court is likely to take into account any relevant guidance notes published by RICS in deciding whether or not the surveyor acted with reasonable competence.
RICS members can freely download PDF versions of our guidance notes. Hard copies of all RICS professional guidance publications can be bought from the RICS Shop.
Showing 1 - 25 of 25 results
20 May 2015
This guidance note covers the valuation of intellectual property (IP), a subset of intangible assets. Its purpose is to expand on the IVS 2013 and the Red Book in order to clarify the legal, functional and economic characteristics of IP valuers should consider and report on in an IP valuation.
04 Nov 2013
This guidance note draws valuers' attention to the need for particular care when undertaking valuation work on which various EU directives and regulations may impact.
08 Dec 2016
This guidance note draws professionals’ attention to specific issues that arise in farm stocktaking valuations, for inclusion in financial statements that are prepared in accordance with UK GAAP.
19 Aug 2015
The purpose of this guidance note is to assist the valuer in the provision of leasehold reform valuation advice whether they are acting for the freeholder (landlord), intermediate landlord or tenant.
12 Apr 2017
This guidance note provides an outline of the rating appeal system in England and Wales, describing the various processes involved in making a proposal to alter a rating list.
03 Oct 2013
Encompasses the wide range of physical, social, environmental and economic factors relating to sustainability that can impact on value of which valuers should be aware.
25 May 2011
Including a glossary of relevant terms, this note offers guidance for valuers who are instructed to provide market value, or market rent, for properties used as data centres.
07 Feb 2013
Aims to inform the valuer’s approach to the valuation of land for sites in Scotland where there is a requirement to provide affordable housing or where the provider of affordable housing is seeking grant finance from the Scottish government.
21 Apr 2016
This guidance note is a global revision of the first edition guidance note published in 2011. It identifies additional matters that valuers need to take into account when valuing natural resource wasting assets, such as mineral deposits, landfill and waste disposal sites.
24 May 2017
This guidance note provides a professional practitioner or individual commissioned to undertake a survey with outlined guidance on fulfilling elements of a client's brief, along with unique aspects arising from the myriad of asset type and their usages.
01 Aug 2017
This guidance note is intended to be applicable for Contractor’s Basis rating valuations effective from 1 April 2017 and thereafter. The purpose of this guidance note is to aid the understanding of the Contractor’s Basis for the general rating practitioner while providing a common framework of the basis for the more experienced practitioner.
06 Jan 2014
This guidance note was originally available here in digital format separately from the Red Book. With effect from 6 January 2014 this guidance note is incorporated in the RICS Valuation - Professional Standards January 2014.
11 Feb 2011
With application to property in England and Wales, this guidance assists valuers in giving leasehold reform valuation advice, whether they are acting for the freeholder (landlord), intermediate landlord or tenant.
07 Apr 2010
Intended to assist surveyors of all levels of expertise, this note provides guidance on advising clients as to how environmental and sustainability issues impact upon all aspects of land, property and construction.
28 Apr 2011
Using illustrative examples, this note examines the concept of EUV (existing use value), as defined in our Valuation Standards (the ‘Red Book’).
29 Jun 2012
Written specifically for use within the UK, this guidance assists valuers in the valuation of new-build properties.
18 Jul 2016
This note provides guidance for the valuer on the valuation of land for affordable housing in England and Wales.
04 Jul 2011
Written in the context of UK law and practice, this note offers guidance to the valuation of rural property and compliance with the RICS Valuation Standards (the ‘Red Book’).
23 Feb 2010
This note offers guidance for valuers on the more complex issues that might arise when dealing with the presence of trees (or groups of trees).
19 Aug 2010
Aiming to assist valuers, this guidance highlights the main factors that impact the market value of woodlands and addresses some of the more complex issues that might arise in the assessment of such an asset.
22 Jul 1997
This guidance note aims to dispel the confusion that often surrounds this method of valuation.
27 Aug 2010
This guidance focuses on discounted cash flow valuation in the particular context of commercial property investments.
17 Dec 2010
Written in relation to property in England and Wales, this note offers detailed guidance on the capital and rental valuation of public houses, bars, restaurants and nightclubs.
17 May 2016
This protocol has been jointly set up and endorsed by an industry wide group comprising representatives of RICS, lenders, insurers and panel management firms involved in the residential mortgage valuation market.
27 Apr 2016
This guidance note aims to assist practitioners in the approach to the valuation of affordable housing development land. The focus is on the valuation of land for housing and flats but the principles are broadly adaptable for other types of affordable housing, such as special needs and sheltered housing accommodation.
© RICS 2018
© RICS 2018