LEASING CO-ORDINATION

The leasing and development teams often bring divergent philosophies to a project.The leasing team strives to optimise tenant quality and rental income, often at the risk of increased development cost.The development team strives to design and construct the project on time and within the budget.TPM manages these divergent philosophies to the landlord’s overall benefit.

The Leasing Co-Ordination Consultant’s responsibilities include:

• Valuable input in the development of a project plan

  • Embargo periods

  • Typical beneficial occupation durations

  • Current standard specifications

  • Lease approval process, board meeting schedules, etc.

  • Tenant professional team details

  • Special security requirements during construction

  • Liaison with the Project Manager to integrate the information above into an optimum construction programme and agree on an optimum (master) construction programme that allows for leasing activities

  • Lease deal prioritisation schedules derived from the master construction programme

  • Scrutinising of lease deals

  • Correct beneficial occupation dates

  • Correct dates and methods of access for alterations and extensions

  • Correct date of vacating areas redundant to new leases

  • Correct technical tenant specification

  • Alignment of all of the above between the Offer to Lease and the project plan

  • Final vetting of the Offer to Lease to ensure the Offer to Lease and project plan are in time

  • Monthly review of the master project plan to confirm that the current leasing schedule and leasing plan are incorporated and to advise the project manager of any discrepancies.

The Leasing Co-ordination Consultant would be responsible for obtaining the latest project information from the Project Manager and professional team.  Each professional team member would be responsible to ensure that the information provided is correct.