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Lease Contract Specialist

Date: 28-Apr-2022

Location: Dubai, AE

Company: Majid Al Futtaim

ROLE DESCRIPTION

Title:

Code:

Senior Specialist, Lease Contract Management

TBA

Role Holder (if currently filled):

Role archetype

 

Team Leader

Division/Department

Grade/Level

Shopping Mall / Lease Contract Management

Senior Specialist

Reporting to

Location

Associate Manager, Lease Contract Management

Head Office

Managing/Leading (if applicable):

Date of last revision

  • Specialist and Lease Administrator

 

 

Role Purpose:

 

The position is responsible for providing timely active administrative support to the SMBU Leasing Team in the development and monitoring of lease documents, communication with clients/ tenants etc., ensuring that all lease related documents complies with the agreed terms, conditions of the contract and commitment between the company and the client.     

Role Details – Key Responsibilities and Accountabilities:

 

  1. Review and validate entries for Lease deals in the Data Capture System based on the input received from the Leasing Team in SMBU.
  2. Prepare the draft and final Lease Agreements, Amendments and Deeds to be checked by the appropriate personnel for accuracy and ensure that the same is in accordance with the terms and conditions agreed at the time of closing lease deal and send the same to the client for review and acceptance.
  3. Review the final acceptance from the client on the Lease Agreement document to ensure that there is no ambiguity in the acceptance of the terms and conditions stated in the formal lease agreement and that there is complete clarity between the Company (SMBU) and the tenant’s commitment with regards to the agreement.
  4. Collect all pertinent and valid legal documents from the tenant such as Trade license, Commercial Registration, Insurance Certificate, Owner’s passport copies etc., to ensure the legality of the tenant.  
  5. Organize the payment documents and forward the same to the client along with the Lease Agreement so as to receive the payment along with the signed agreement signifying the acceptance of the client.
  6. Responsible for all correspondences between Company and tenants whether it is by email, letter and fax and all follow up required during the course of the process, until the final Lease agreement is signed.
  7. Maintain positive and congenial relationship with the potential clients / tenants pertaining to all lease proposals / agreements and ensure that all concerns and queries are resolved on a timely basis.
  8. Assist the SMBU Finance Department in the preparation of final accounts for tenants surrendering leased space as well as providing support to the Operations Department in tenant’s handover and surrender of shops.
  9. Assist the Leasing Department in developing the marketing materials on SMBU operating assets / portfolio by providing accurate information on the current tenant portfolio. Also, maintain and update prospective leasing list.
  10. Provide all necessary data / reports concerning to Lease administration to Manager Lease Administration as and when requested.
  11. Maintain accurate filing of all Lease deal related information and agreement (both physical and on system e.g. Yardi / MRI and/or SharePoint etc.) so as to enable the team to refer the same with respect to rent collection / renewal / extension etc., as well as to serve as a point of reference in case of any litigation.
  12. Organize Leasing Committee meetings as and when requested by the Leasing Department and take and circulate the meeting minutes to all concerned for their information, follow up and necessary action.
  13. Ensure compliance with the MAFP SMBU’s Code of Conduct, Departmental policies and HR Policies and Procedures at all times.
  14. Be the advocate and ambassador of aligning and cascading the MAFP values across SMBU and ensure that it is adhered to and exhibit the same all the time.

 

Disclaimer: This role description reflects the general details considered necessary to describe the principal responsibilities of the role identified and shall not be construed as an exhaustive description of all the work requirements inherent to success in the role.

 

Definition of Success

 

TBA

 

Other Context (if applicable):

 

TBA

 

 

Functional/Technical Competencies

 

TBA

 

Personal Characteristics and Required Background:

 

Personal characteristics

  • TBA

 

Minimum experience

  • Minimum 4 - 6 years work experience in managing Business/Lease Administration and documentation activities preferably in a reputed Retail / Real Estate companies in GCC.

 

Minimum Qualifications/education

  • Bachelor’s degree in Business Administration or equivalent.

 

 

Signature of Role Holder:

 

Approved By

 

 

 

Head of Division/Department/Sec:

 

Head of Human Capital: