How terminating commercial property work on below 3 cases lease 1

You (the learner) to end commercial property lease. Mr Smith has been operating a telecommunication firm within a building in Springvale for last 06 years. The building was taken on lease whose term is going to end in the next month. Mr Smith wants to move; hence he does not intend to renew the commercial lease agreement. As a real estate agent, you have been given a job to document the request of the lessee to terminate the lease and clarify the circumstances requiring termination. Analyse lease documentation to verify conditions of termination and confirm lessor and lessee responsibilities. Inform lessor regarding the termination of the lease agreement. Notify lessor and lessee of duties and obligations associated with lease termination. Consult with the lessee to monitor satisfactory completion of make-good requirements. Conduct and document property inspection to verify outgoing property conditions according to terms and conditions of the lease. Facilitate financial settlement according to terms and conditions of the lease. Record financial transactions according to legislative requirements. Organise and monitor property handover procedure to lessor satisfaction. Finale and secure end of lease documentation according to legislative requirements.Submit a report incorporating the notice of termination of a commercial lease, details of property inspection and findings, details of lessee and lessor responsibilities associated with the termination of lease and record of financial transactions. Use this template to record details of the process.
Learner Name
Real Estate Agency name
Date
Name of the landlord
Name of the Client
Nature of real estate business (for example, Land settlement/ purchasing or selling land or property/ leasing land or property )
What other stakeholders will be involved
Reasons of termination of commercial property lease
Were any of the following undertaken? (If so, provide details)
What process did you use to clarify circumstances requiring termination
Breach of lease terms and conditions
Lease termination notice
How did you schedule the process for collecting rental arrears(if any)?
Details of seeking specialist advice to clarify contractual obligations
Negotiation with lessor and lessee to resolve the area of conflict
Signing agency documents
Property handing over
Record keeping of all the documents
Financial settlement
Provide details of reasons for lease termination
Details of financial settlement
What recommendations would you make to your organisation to ensure future compliance and ethical operation?
Recommendations:
Your name		Date
Your Signature

terminating commercial property lease 2

You (the learner) to end commercial property lease. Ms Jones has hired a small building where she runs a private clinic. She wants to make several alterations in the rooms to which the lessor has already been agreed, but once the lease has been awarded, the lessor refuses to make so many alterations in the building, as a result of which Ms Jones wants to end the lease. You, as a real estate agent, have been given a job to document the request of the lessee to terminate the lease and clarify the circumstances requiring termination. Analyse lease documentation to verify conditions of termination and confirm lessor and lessee responsibilities. Inform lessor regarding the termination of the lease agreement. Notify lessor and lessee of responsibilities and obligations associated with lease termination. Consult with the lessee to monitor satisfactory completion of make-good requirements. Conduct and document property inspection to verify outgoing property conditions according to terms and conditions of the lease. Facilitate financial settlement according to terms and conditions of the lease. Record financial transactions according to legislative requirements. Organise and monitor property handover procedure to lessor satisfaction. finale and secure end of lease documentation according to legislative requirements.Submit a report incorporating the notice of termination of a commercial lease, details of property inspection and findings, details of lessee and lessor responsibilities associated with the termination of lease and record of financial transactions. Use this template to record details of the process.
Learner Name
Real Estate Agency name
Date
Name of the landlord
Name of the Client
Nature of real estate business (for example: Land settlement/ purchasing or selling land or property/ leasing land or property )
What other stakeholders will be involved
Reasons of termination of commercial property lease
Were any of the following undertaken? (If so provide details)
What process did you use to clarify circumstances requiring termination
Breach of lease terms and conditions
Lease termination notice
How did you schedule the process for collecting rental arrears(if any)?
Details of seeking specialist advice to clarify contractual obligations
Negotiation with lessor and lessee to resolve area of conflict
Signing agency documents
Property handing over
Record keeping of all the documents
Financial settlement
Provide details of reasons of lease termination
Details of financial settlement
What recommendations would you make to your organisation to ensure future compliance and ethical operation?
Recommendations:
Your name		Date
Your Signature
Observer/supervisor name		Date
Observer/supervisor Signature

terminating commercial property lease 3

You (the learner) to end commercial property lease. Mr Smith has a regional office of The Stark Cement Industries in Springvale from where the company handles the sales and administrative tasks. Unfortunately, the company has gone bankrupt, and Mr Smith wants to end the lease of this regional office. You, as a real estate agent, have been given a job to document the request of the lessee to terminate the lease and clarify the circumstances requiring termination. Analyse lease documentation to verify conditions of termination and confirm lessor and lessee responsibilities. Inform lessor regarding the termination of the lease agreement. Notify lessor and lessee of responsibilities and obligations associated with lease termination. Consult with the lessee to monitor satisfactory completion of make-good requirements. Conduct and document property inspection to verify outgoing property conditions according to terms and conditions of the lease. Facilitate financial settlement according to terms and conditions of the lease. Record financial transactions according to legislative requirements. Organise and monitor property handover procedure to lessor satisfaction. finale and secure end of lease documentation according to legislative requirements.Submit a report incorporating the notice of termination of a commercial lease, details of property inspection and findings, details of lessee and lessor responsibilities associated with the termination of lease and record of financial transactions. Use this template to record details of the process.
Learner Name
Real Estate Agency name
Date
Name of the landlord
Name of the Client
Nature of real estate business (for example, Land settlement/ purchasing or selling land or property/ leasing land or property )
What other stakeholders will be involved
Reasons of termination of commercial property lease
Were any of the following undertaken? (If so, provide details)
What process did you use to clarify circumstances requiring termination
Breach of lease terms and conditions
Lease termination notice
How did you schedule the process for collecting rental arrears(if any)?
Details of seeking specialist advice to clarify contractual obligations
Negotiation with lessor and lessee to resolve the area of conflict
Signing agency documents
Property handing over
Record keeping of all the documents
Financial settlement
Provide details of reasons for lease termination
Details of financial settlement
What recommendations would you make to your organisation to ensure future compliance and ethical operation?
Recommendations:
Your name		Date
Your Signature