Leasing Manager

3 days ago

Dubai, Dubai, United Arab Emirates DAMAC Properties Full time
Roles and responsibilities
  • Develop and implementstrategies to attract and secure tenants for new and existingproperties.
  • Prepare, negotiate, and managelease agreements, ensuring alignment with company objectives andcompliance with regulatory requirements.
  • Setand achieve leasing targets to optimize rental income and minimizevacancies.
  • Collaborate with the marketing teamto create promotional materials and campaigns to advertiseavailable spaces. Conduct market research to analyze rental trendsand competitive properties.
  • Prepare and managebudgets related to leasing operations.
  • Buildand maintain strong relationships with tenants to ensure highretention and satisfaction levels.
  • Coordinatelease renewals, terminations, andamendments.
  • Address tenant concerns and resolveissues promptly to foster positiveexperiences.
  • Supervise and mentor leasing staffto achieve departmental goals.

MinimumQualification

  • Bachelor's degree, ideallyin Business Administration, Real Estate, or a relatedfield

MinimumExperience

  • 10+ years' experience inretail and F&Bleasing
  • Negotiating LeaseTerms : A prospective tenant is interested in leasinga commercial space. The Leasing Manager negotiates the rent,duration, and any special clauses (e.g., tenant improvementallowances, early termination options), ensuring both the propertyowner and tenant are satisfied with theagreement.
  • Marketing VacantProperties : The Leasing Manager creates a marketingcampaign for vacant units, utilizing online platforms and localadvertisements. They might also organize an open house event toshow the property to multiple prospectivetenants.
  • Addressing TenantIssues : A tenant has reported maintenance issues intheir apartment. The Leasing Manager coordinates with themaintenance team to address the problem promptly and communicateswith the tenant to ensure theirsatisfaction.
  • Managing LeaseRenewals : A tenant's lease is approachingits expiration date. The Leasing Manager reaches out to the tenantto discuss renewal options, negotiate terms, and ensure the leaserenewal paperwork is completed ontime.

  • Key Traits of aManager-Leasing:

  • StrongNegotiation Skills : The ability to negotiatefavorable terms for both the property owner and tenants whilemaintaining positiverelationships.
  • Customer ServiceOrientation : A customer-focused approach to addresstenant concerns, respond to inquiries, and build long-termrelationships withtenants.
  • OrganizationalSkills : Managing multiple leasing transactions,maintaining accurate records, and coordinating schedules forproperty showings, lease signings, andrenewals.
  • Attention toDetail : Ensuring that lease agreements and otherdocumentation are accurate and legallycompliant.
  • FinancialAcumen : Understanding of rental rates, budgeting,and financial reporting to drive profitability in leasingoperations.
  • CommunicationSkills : Strong verbal and written communicationskills are essential for interacting with tenants, team members,and propertyowners.
  • Problem-Solving :Addressing any issues that arise during the leasing process, suchas negotiating disputes, late payments, or property maintenanceconcerns.
Desired candidate profile

1.LeaseManagement

  • LeaseNegotiations : Negotiating lease terms and conditionswith potential tenants, ensuring that both parties are satisfiedwith the agreements. This may involve rent rates, lease duration,property maintenance, and other contractualobligations.
  • LeaseDocumentation : Overseeing the preparation andexecution of lease agreements, ensuring they are legally compliantand reflect the agreed-upon terms. This includes reviewing leaseclauses, conditions, and ensuring all relevant details arecorrectly captured.
  • Renewals andExpansions : Managing lease renewals for existingtenants, addressing concerns or changes, and negotiating leaseextensions or expansions whenappropriate.

2. TenantRelations andCommunication

  • ManagingTenant Queries : Responding to potential and existingtenants' inquiries regarding available spaces, rentalrates, amenities, and other property-relatedconcerns.
  • ConflictResolution : Addressing and resolving tenant issues,such as disputes over lease terms, maintenance concerns, or othertenant-related issues, to ensure a smooth leasingoperation.
  • Onboarding NewTenants : Coordinating the onboarding process for newtenants, ensuring they understand the terms of their lease, theproperty rules, and their responsibilities. This also includesconducting property tours andwalkthroughs.

3.Marketing andPromotion

  • MarketingProperties : Developing and executing marketingstrategies to attract potential tenants, which may include onlinelistings, advertisements, open houses, and other promotionalactivities.
  • PropertyShowings : Conducting property tours for prospectivetenants, highlighting the features and benefits of the property todrive interest and secureleases.
  • Tenant RetentionStrategies : Implementing strategies to retaincurrent tenants, such as loyalty programs, regular communication,and addressing tenant concerns promptly to minimizeturnover.

4. RentCollection and FinancialOversight

  • Rentand Payment Tracking : Ensuring timely collection ofrent payments from tenants, addressing any late payments oroutstanding balances. Managing rent schedules and ensuringcompliance with leaseterms.
  • FinancialReporting : Tracking leasing performance metrics suchas occupancy rates, rental income, and lease expirations. Providingregular reports to upper management on leasing activity andfinancialperformance.
  • Budgeting :Assisting in the budgeting process for leasing-related expenses,ensuring that leasing operations are cost-effective and alignedwith overall financial goals.
Key Skills
Leasing,LeaseApplication,Property Leasing
Employment Type: Full-time
Department / FunctionalArea: Administration
Experience: years
Gender: Male
Vacancy: 1

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