Leasing and Letting - Level 3 Flashcards
Can you describe your role in advising the organisation on their acquisition in Angel? How did you facilitate the leasing and letting process for the client?
Explain the process you followed after the kick-off call to issue the Terms of Engagement and complete necessary due diligence. How did you ensure compliance with legal and regulatory requirements during this stage?
Discuss the challenges and considerations related to the sustainability requirement for the building to meet an EPC rating of B and above. How did this requirement impact the availability of suitable properties and influence the selection process?
Explain the steps you took to identify and present a schedule of options to the client for their consideration. How did the client choose a shortlist for viewing and what factors were taken into account during the inspection?
Describe your involvement in the negotiation of Heads of Terms for the initially chosen property. Can you elaborate on the contingency plan you developed by actively searching for alternative options in case the first option fell through?
How did you assist in the negotiation process for both options and prepare the cash flow analysis for the client? Can you explain how this analysis helped the client make an informed decision on pursuing the first option?
Elaborate on your communication and coordination efforts with the landlord’s representatives regarding minor works once the lease was finalized. How did you maintain professionalism and efficiency during these interactions to ensure a smooth transition for the client?
Describe your role in the disposal of the fully fitted office on behalf of the tenant. How did you handle the response to acquisition requirements in the market and conduct viewings at the property?
Explain the process you followed to send the client a weekly interest schedule of current interest in the property. How did this communication help in keeping the client updated on potential tenants or buyers?
Discuss your involvement in organizing the agents’ launch for the property. What steps did you take to ensure a successful launch and attract potential tenants or buyers?
Can you explain the considerations you weighed in advising the client on the options of a sublease or an assignment of the lease? How did you assess the lease terms and the potential benefits of each option?
Describe your role in preparing the initial proposal for an assignment of the lease and reviewing it with the client and your manager. How did you ensure that the proposal met the client’s objectives and aligned with legal and market requirements?
Discuss your involvement in the negotiation process with the tenant’s representative. How did you contribute to the negotiation by suggesting counteroffers and successfully agreeing on the Heads of Terms?
Explain your role in liaising with the tenant’s representative to conduct necessary viewings for the new tenant’s contractors. How did you ensure smooth coordination and access to the property for these viewings?
Describe your involvement in attending the legal calls to ensure the smooth progress of the legal process and the eventual signing and execution of the final lease. How did you contribute to resolving any legal or contractual issues that arose during this stage?
