SKILLINGS Education Curated Programs

PROP01 - THE FUNDAMENTALS OF COMMERCIAL LEASING - An Introduction for Leasing Agents

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Duration: 12 weeks online learning program
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In this 10 part course series, you will learn about the fundamentals of commercial leasing that is crucial for leasing agents to succeed in the diverse field of commercial real estate.

By the end of this course, you will be able to:
  • Understand the roles of involved parties in a commercial leasing transaction
  • Learn how to set up an agency agreement and promote a property for lease
  • Explore the importance of reviewing, negotiating and understanding the Head of Agreement (HOA) clauses
  • Manage a successful lease transaction
  • Understand the criticality of due diligence and legal requirements
  • Gain valuable insights and practical tools to effectively navigate complex deals and ensure successful outcomes

Course Topics

MODULE 1 - TRANSACTION SETTING - Stakeholders in a Commercial Leasing Endeavour

In this series of short courses, you will delve into the vital roles within a commercial property transaction, as well as the significance of professional technical consultants and various other parties involved. You will gain a thorough understanding of the responsibilities and contributions in ensuring successful commercial transactions.

MODULE 2 - FINANCIAL CHARGES, BUILDING ATTRIBUTES AND EVALUATING A PROPERTY'S CONDITION

In this short series of courses, you will explore agency agreements and fees, delve into building grades to understand their significance, and learn the skills to conduct thorough property inspections. Also covered are vital tips on asking the right questions to ensure an efficient commercial transaction.

MODULE 3 - UNDERSTANDING LEASE STRUCTURES AND THE HOA

In this series of short courses, you will delve into the complexities of various lease structures, and gain a basic understanding of a leasing proposal and how to convert it to an executed Heads of Agreement to drive successful outcomes in commercial real estate transactions.

MODULE 4 - UNDERSTANDING COMMERCIAL PROPERTY LANGUAGE

In these course topics, you will learn the terminology used in commercial real estate projects. The courses touch on many of the more common terminologies used when undergoing any number of phases throughout the commercial property life cycle starting with workplace strategy development through to occupation of premises.

MODULE 5 - RENT REVIEWS AND LEASE ADJUSTMENTS

In this learning module, you will explore how rent reviews and lease adjustments fit within the broader context of a lease lifecycle, including how these activities align with the key stages of a lease strategy. You will also review a program that outlines the typical timelines and milestones associated with these processes.

MODULE 6 - COMMERCIAL REAL ESTATE INCENTIVES AND CONTRIBUTIONS

In this phase bring together everything you know about your business, what you know about the market and determine the right accommodation decision for the needs of your business.

MODULE 7 - FINANCIAL SECURITY - Bank Guarantees, Bonds and Deposits

In this series of short courses, you will cover the fundamental concepts and functions of banks and financial institutions. The courses discuss specialised topics, including bank guarantees equipping you with a well-rounded knowledge of these essential aspects of the commercial leasing deal.

MODULE 8 - MAKE-GOOD IN COMMERCIAL LEASING - Concepts, Strategies, and Best Practice

In these micro-courses, you’ll dive into insightful case studies that bring make-good provisions to life, giving you a practical look at best practices for both property managers and tenants. You'll explore real-world scenarios that highlight effective strategies and tackle common challenges.

By working through these examples, you'll gain valuable insights into managing make-good obligations, understanding compliance requirements, and ensuring smoother lease transitions. These case studies are designed to build your confidence and sharpen your ability to handle similar situations with clarity and skill.

MODULE 9 - LEASE NEGOTIATION – Key Objectives and Desired Outcomes

These courses cover essential stages and documents in the commercial leasing process, helping you understand the drafting and negotiation of critical lease terms. You’ll learn how to effectively request and evaluate a Heads of Agreement as an early step in securing your lease, moving smoothly into the commitment phase with clarity on terms.

The focus on Agreement for Lease details ensures you are prepared before entering a legally binding contract, guiding you through practical steps to protect your business interests and optimise lease terms.

MODULE 10 - LEGAL DOCUMENTATION – REI vs Solicitor

In this series of short courses, you will gain an understanding of legal documentation in real estate transactions and will explore a comparative analysis of REI (Real Estate Institute) forms versus solicitor-prepared documents. Course modules will highlight the role and significance of the agent remaining in the transaction until the Lease is signed. Also included is a Case Study providing an application of the concepts covered throughout the course.

Prerequisites

This course is suitable for anyone wanting to explore lease transaction, methodology, process and phases and/or seeks to participate in a commercial real estate project.

Pricing

$799.99 (ex GST)