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RETAIL LEASE ADMINISTRATION by Hymie Zawatzky

  • $55.00
  • In stock: N/A

This is an e-Book.  Follow the prompts and download once you have been through the checkout.

If you have a single store, this eBook will help you with your leasing negotiations. If you have multiple stores, this is MUST HAVE eBook.

The proper administration of leases and, in particular, the control of occupancy costs - which have reached new highs in 2009 for many types of businesses - is critical for the survival of retailers who operate a number of stores throughout Australia. The economic downturn and the desire by retailers to either reduce their occupancy costs or quit their leases has put even more pressure on lease administrators.
The best deals and savings in occupancy costs negotiated by property managers and lease consultants for retail chains at the commencement of the lease, can be lost by poor administration of the leases in subsequent years.
The eBook highlights the main difference between the various State legislations.  As a Lease Administrator, if you are not aware of these differences, it can cost your company unnecessary expenses.  Costs which you may not have been required to pay in the first place.

The book covers:

What is a Lease?
  • Definition of a lease
  • Parties to a lease
  • The law relating to Retail Tenancies in Australia

What Types of Leases Do You Administer?

Survey of Premises

Rental Considerations Entered Into

  • Rent free periods
  • Foreign retail companies
  • Percentage rent payable

How to Administer Leases In Your Portfolio

  • Annual Rent Reviews
  • Occupancy Cost Management Schedule

Outgoings, Control & Management

  • Outgoings rental charge
  • Checking Outgoings Schedules to ensure fairness
  • Tips when assessing the Outgoings to be paid
  • Example of Gross Lettable Area Reconciliation Schedule
  • Typical retailers Checklist of Outgoings each year

Disclosure Statements

  • Major changes in new Disclosure Statement in NSW
  • Checking the Disclosure Statement after the deal has been negotiated

Administering the Fit-Out of Premises

  • Clauses to be included in Contracts or Orders awarded to Fit-Out Contractors
  • Taking over the store from the Landlord ready for fitting out
  • Analysis of responsibility for sprinklers, emergency lighting etc.
  • Review of leases
  • Recommended action by retailer

Administering Turn Key Projects

Option Renewals & Exercising Your Option Under the Terms of the Lease

Right to Receive Compensation from the Landlord in a Shopping Centre
if Your Trading Activity is Disrupted by the Actions of the Landlord

Upsizing of Premises

Relief Against Forfeiture of the Lease When a Landlord Locks Out a
Retailer (Victorian Retailers Only)

Additional Terms That Could Be Included in Lease Offers

Dealing with a Landlord in a Time of Economic Downturn

Purchasing a New Store & Taking Over an Assignment of the Lease
from the Existing Tenant or Assigning Your Lease to a New Operator

Franchisees & Franchisors & Their Rights Under the New Retail Leases
Acts

  • A summary of the Victorian legislation
  • How does this Act affect these arrangements?
  • Application of the Act for short term leases
  • Disclosure Statements between franchisor and franchisee

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RETAIL LEASE ADMINISTRATION by Hymie Zawatzky