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Leasing Manager

1.00 to 10.00 Years   Saudi Arabia   15 Oct, 2024
Al Futtaim Group
1 Jobs Openings
Job LocationSaudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryRetail & Wholesale
Functional AreaNot Mentioned

Job Description

Overview of the role To manage Leasing activities of all Al Futtaim Retail Brands in their expansion while maintaining relationship with all of our landlords with regards to the contractual obligations as per the lease across MENA. What you will do

  • To work closely with Group Administration and retail operations of each brand to process new trade licenses and timely renewal of existing trade license, chamber of commerce certificates etc for all of our retail stores.
  • To coordinate with respective business analysts, finance and ensure that all rental payments as per the lease agreements are processed on time and disbursed accordingly.
  • To serve notices on due dates to Landlords and coordinate with Finance and arrange audit reports (confirmation of Gross Sales) from external Auditors and furnish the same to the respective Landlords on a timely manner.
  • Evaluates leasing opportunities received from prospective Landlords / Developers, obtains all relevant information, to discuss the same with Head of Leasing and if satisfied to do feasibility for Management?s approval.
  • Negotiates commercial terms (based on the guide lines) for kiosks, shop in shops and line shops for various retail brands and gives recommendation to Head of Leasing.
  • Ensures accurate filing of all information and agreement, so as to enable the company to refer to it in its relationship management with respect to rent payment, renewal, extension, transfer as well as to serve as a point of reference in case of any litigation.
  • Works closely with the Group Legal to review the documents (Agreement to Lease, Lease Agreement etc), communicate the comments and negotiate the document with Landlords.
  • To coordinate between the Landlord and Store Development Team for a smooth functioning of fit out of retail stores.
  • To provide timely reports to the Management on occupancy cost, month wise cash flow planning and many other KPIs.

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