Students will gain further understanding of lease terminology and the different types of rental structure used in leasing documentation.
A due diligence period is the time afforded a purchaser or lessee to enter and upon the site to study, examine and inspect all aspects of the property. This time is also commonly referred to as the “feasibility period”, “study period” or “investigative period”.
There are several due diligence exercises that may be run over the building deal before the Heads of Agreement (HOA) is signed. These can include financial due diligence, IP due diligence, commercial due diligence, IT due diligence, HR due diligence, regulatory due diligence, and environmental due diligence.
In this course, you will gain an understanding of the different types of due diligence, but essentially focuses on ‘’Internal focused due diligence and building review” which covers most of the due diligence types outlined above, but most importantly, commercial and financial due diligence. The regulatory due diligence will be discussed a little later when complying with the Landlord requirements of fit out and occupation. You will find out more about who’s engaged and involved in due diligence and certification when nearing final negotiations and Heads of Agreement.
Approximately 20 Minutes
Students will gain an understanding of lease essentials and terminology, along with the different forms of agreement used in leasing documentation.
There is much to understand before the Client organization can endorse a market search to source the right property to meet their future needs to operate, perform and engage with their customers and their employees.
To achieve the company aspirations and ensure the Tenant Representative has the right brief that represents the Client organization and their future needs, a Needs Analysis should be conducted. A needs analysis can tell the Client organization how they work now and why they are doing it this way. This process is largely facilitated by the Client and can be supported by the Tenant Representative, working closely with internal stakeholders such as the Property Lead, senior management, perhaps specialist areas within the business such as the IT department, and can be expertly facilitated to get the best results by external consultants such as a Workplace Strategist or Designer.
A thorough and professional Needs Analysis will help the business to align the workplace dynamics of people (social), process (work) and place (environment) and leverage the ability of the workplace to contribute to business success.
In this course, you will gain an understanding of the approaches taken by the Tenant Representative and their Client in undertaking a Needs Analysis.
Approximately 20 Minutes
Students will gain an understanding of common techniques to achieve reduced floorspace and why a storage strategy is so important in the property procurement process.
It is important for the Tenant Representative to get the essential information on their client’s requirements before they can determine the best way forward to help them.
Through a thorough Needs Analysis process, the Tenant Representative and the client are now in a better position to recognize the company aspirations, visions, and business needs.
The client project brief is the blueprint of what the client wants and what will eventually be endorsed before the Tenant Representative can set off to do their premises sourcing work.
In this course, you will gain an understanding of the methods and process of how the Tenant Rep brings together in draft what they know from the work done to uncover the needs of the organization and help them identify what they don’t know about the business and how they will get this information to inform a clear and complete brief, that won’t change.
Approximately 20 Minutes