1.       Review the relevant legal documents

  • Lease
  • Amendment(s)
  • Extensions

2.       Get as much expense detail as possible

  • At a minimum, obtain the insurance and tax documents.  We can request the Landlord’s general ledger, but they may not supply it.
  • Compare year-over-year expenses
  • Request back-up for any expense that has had a large increase

3.       Review the gross leasable area (GLA) and our pro rata share (PRS)

  • What is the total leasable area of the center?
  • Exclude select Tenant’s square footage.  Anchor Tenant’s and other variety and specialty shops may be excluded from the GLA.  This will be defined in the lease.
  • If there is a large year over year variance in our GLA, we need to determine why prior to reconciling.

4.       Make sure our escrow payment history is reflected correctly.  If the amount we show we have paid throughout the year is different than what the Landlord is showing, we need to resolve that issue prior to completing the reconciliation.

5.       If we have a CAP on expenses, make sure the CAP is applied correctly.  The CAP is applied to controllable expenses only.  Uncontrollable expenses, such as utilities and snow removal, are not part of the CAP.

6.       Review monthly statements for any variances, such as increase or decreases in rents and operating expenses.

Lease abstracting:

  • Summarize specific, key information from a lease for review to show the deal maker where to look for in the lease for critical lease data, which include:
  • Commonly used lease clauses
  • Lease commencement and expiration dates
  • Monthly rent and operating expenses
  • Ensure critical dates are entered correctly for renewal options, early lease terminations.

نوکری کی تفصیلات

شعبہِ افعال:
کل عہدے:
2 آسامیاں
نوکری کی شفٹ:
دوپہر
نوکری کی قسم:
محکمہ:
Communication
نوکری کا مقام:
جنس:
کوئی ترجیح نہیں
عمر:
20 - 40 سال
کم از کم تعلیم:
بیچلرز
ڈگری کا عنوان:
LLB, LLM
کیریئر کی سطح:
نوآموز
کم از کم تجربہ:
1 سال (Legal Adviser or Lease Administrator)
اس سے پہلے درخواست دیجیۓ:
مئی ۲۱, ۲۰۱۸
تاریخِ اِشاعت:
اپریل ۲۰, ۲۰۱۸

Future Now (Pvt) Limited

انفارمیشن ٹیکنالوجی · 301-600 ملازمین - لاہور

Future Now Technologies is a leading provider of cutting edge technology solutions and services in Pakistan, Europe and North America. We believe that innovation, commitment to quality, and effective partnership with our clients is the foundation of success. Over the years we have engineered solutions which are currently being used in some of the largest fortune 100 companies around the world. Our success comes from the realization that our success can only be possible if our clients are successful.

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