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职位介绍

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.

工作详细内容

全部职位:
2 发布
工作时间:
中班
工作类型:
部门:
Communication
工作地址:
性别:
没有偏好
年龄:
20 - 40 年
最低学历:
学士
学位头衔:
LLB, LLM
职位等级:
入门级
电话预约已成功,我们的专家会在短时间内与你联系:
1年 (Legal Adviser or Lease Administrator)
在之前申请:
May 21, 2018
发布日期:
Apr 20, 2018
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Future Now (Pvt) Limited

· 301-600 员工 - 拉合尔

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 soluti ...阅读更多

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