Property/Asset Management: Leasing
| Course Number: |
C701 |
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Course Title: |
Property/Asset Management: Leasing |
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Course Level: |
Intermediate |
|
Course Length: |
2 days, 8 AM to 5 PM Daily |
|
IRWA Credits: |
16 QEU / CEU |
|
Required/Recommended Materials: |
N/A |
|
Prerequisites: |
It is highly recommended that participants successfully complete IRWA Course 700, “Introduction to Property/Asset Management,” or have otherwise acquired a basic understanding of property management functions, prior to attending this class. |
Course Description
In this course, participants will learn the fundamentals and practical aspects of leasing through exercises, case studies and sample documents.
The primary focus centers around acquisition and revenue leasing with an emphasis on private sector issues. Participants will gain a clear understanding of the reasoning and rationale behind leasing decisions.
The participants will discover how to protect income through the discussion of:
- lease terms
- maintenance provisions
- default clauses
- ssignment and subletting
- risk management/loss control
- default/remedies
The participants will also learn how to maximize income though the study of feasibility analysis, lease options and leasehold marketing.
This course emphasizes the practical aspects of leasing. It deals with two leasing situations:
1. Acquisition leases – when the agency is the lessee
2. Revenue leases- when the agency is the lessor
Special consideration is given to the complex problems that can arise when the lessee will construct substantial improvements. Case studies and sample documents are used throughout the course.
Topics
- Preface and introduction of asset and property management
- Leasing program overview
- Building “the team”
- Decision making
- Leasing negotiation and documentation
- Leasehold administration
Course Tuition includes
Who should take this course
This course is intended for right of way practitioners and individuals who manage properties for lease. |