Commercial Real Estate

Individual Courses

OWN VERSUS LEASE

In this course

Students will gain an understanding of factors to consider when choosing whether to lease or buy a commercial property for business operations.

Commercial Real Estate

CALCULATING COSTS FOR PROJECTS

In this course

Students will gain an understanding of how to develop a project budget and calculate construction costs for an office fit out.

Commercial Real Estate

REVIEWS AND INSPECTIONS - Getting the Client across the Options

In this course

ABOUT THIS COURSE

When looking at alternate premises to suit different business needs, an analysis of the properties (evaluation and analysis) is required to determine whether the cost advantage offsets the disadvantage of having a split workforce with duplication of key business support functions and amenities, such as receptions, meeting rooms and informal breakout areas. The evaluation and analysis is next after the premises are inspected and the Tenant Representative, on behalf of the client seeks proposals on preferred options. But let’s not jump too far ahead, as that comes after the process we are currently in – which is the review and inspections of the shortlisted properties!

How does a well-organized inspection looks like from the client’s perspective? The Tenant Rep must use their emotional intelligence when working with their client to understand what a good day looks like when inspecting properties. There are many factors that the Tenant Rep needs to consider when working with their client and Maslow’s Hierarchy of Needs shouldn’t be ignored here. Clients have a requirement like all humans to have their needs met to ensure they are performing at their optimum during this time.

In this course, you will gain an understanding of the process of premises inspection and the critical things to consider when developing a quality shortlist.

TOPICS COVERED IN THIS COURSE

How to Get Client Across the Options?
What does a Good Property Inspection Look Like?
How to Develop a Quality Shortlist?
Main Considerations in Shortlisting Property Options
CASE STUDY: A well-planned premises inspection

COURSE DURATION

Approximately 20 Minutes

Commercial Real Estate

UNDERTAKE NEEDS ANALYSIS AND SPACE PLANNING

In this course

Students will gain an understanding of needs analysis and space planning, and why these elements are so important in the property procurement process.

Commercial Real Estate

INTRODUCTION TO COMMERCIAL LEASING – PART A - Lease Types and Rental Structures

In this course

ABOUT THIS COURSE

What ever your role in commercial real estate, either as a practitioner such as those in tenant advisory, or whether you are on the client-side, such as the internal property manager, you need to understand Leasing basics.

A Lease is a contract by which one party conveys property to another for a specified time, usually in return for a periodic payment. It outlines the terms under which one party agrees to rent property owned by another party, and calls for the lessee (tenant) to pay the lessor (landlord) for use of a property.

Leases can be defined by the different types of properties or assets they relate to, such as commercial (retail or office spaces), residential (houses, apartments), industrial (warehouse, manufacturing plant), land (agricultural), advertising spaces (marketing), and vehicles or other equipment (cars, tractors, farm machinery).

In this course, you will gain an understanding of commercial leases and rental structures. You will learn the lease basics and rental structures that every Lessor and Lessee (landlord and tenant) will discuss at some stage during their negotiations, or perhaps some of these new concepts will be drawn up into the Commercial Lease Agreement you are about to sign.

TOPICS COVERED IN THIS COURSE

A Legally Binding Contract
Lease Term
Lease Language
Lease Documentation
Contract Legislation
Rental Structures
The 'gross' Lease
The 'net' Lease
Other Lease Types and Rental Structures
What Else Do We Need to Consider in Assessing a Lease Structure?

COURSE DURATION

Approximately 20 Minutes

Commercial Real Estate

INTRODUCTION TO COMMERCIAL LEASING - PART B - Sub-leasing

In this course

ABOUT THIS COURSE

At some point it may be necessary for a tenant to consider sub-leasing part or all of an existing leased premises.

The tenant representative and the tenant (or the client) need to investigate sub-leasing in more detail, to understand the steps and considerations involved in sub-leasing commercial space and look closely at the pros and cons of it. They need to look at the mechanics of sub-leasing before they get into how this rather complicated process can be implemented to help users stuck in space they don’t need or can’t use.

In this course, you will explore when and why an existing or new tenant may want to sub-lease a commercial space and look at best practices in sub-leasing.

TOPICS COVERED IN THIS COURSE

How Sub-leasing Works
The Process of Sub-leasing
Advantages for the Tenant
Disadvantages for the Tenant
Advantages for the Sub-tenant
Disadvantages for the Sub-tenant
Sub-leasing Recap

COURSE DURATION

Approximately 20 Minutes

Featured in this Library

Curated Course Programs

Individual Courses

OWN VERSUS LEASE

CALCULATING COSTS FOR PROJECTS

REVIEWS AND INSPECTIONS - Getting the Client across the Options

UNDERTAKE NEEDS ANALYSIS AND SPACE PLANNING

INTRODUCTION TO COMMERCIAL LEASING – PART A - Lease Types and Rental Structures

INTRODUCTION TO COMMERCIAL LEASING - PART B - Sub-leasing

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Commercial Real Estate

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