Leasing Manager
Full time
at Damac Properties
in
UAE
Posted on February 24, 2025
Job details
Roles and responsibilities
- Develop and implement strategies to attract and secure tenants for new and existing properties.
- Prepare, negotiate, and manage lease agreements, ensuring alignment with company objectives and compliance with regulatory requirements.
- Set and achieve leasing targets to optimize rental income and minimize vacancies.
- Collaborate with the marketing team to create promotional materials and campaigns to advertise available spaces. Conduct market research to analyze rental trends and competitive properties.
- Prepare and manage budgets related to leasing operations.
- Build and maintain strong relationships with tenants to ensure high retention and satisfaction levels.
- Coordinate lease renewals, terminations, and amendments.
- Address tenant concerns and resolve issues promptly to foster positive experiences.
- Supervise and mentor leasing staff to achieve departmental goals.
- Bachelor’s degree, ideally in Business Administration, Real Estate, or a related field.
- 10+ years’ experience in retail and F&B leasing.
- Strong Negotiation Skills : The ability to negotiate favorable terms for both the property owner and tenants while maintaining positive relationships.
- Customer Service Orientation : A customer-focused approach to address tenant concerns, respond to inquiries, and build long-term relationships with tenants.
- Organizational Skills : Managing multiple leasing transactions, maintaining accurate records, and coordinating schedules for property showings, lease signings, and renewals.
- Attention to Detail : Ensuring that lease agreements and other documentation are accurate and legally compliant.
- Financial Acumen : Understanding of rental rates, budgeting, and financial reporting to drive profitability in leasing operations.
- Communication Skills : Strong verbal and written communication skills are essential for interacting with tenants, team members, and property owners.
- Problem-Solving : Addressing any issues that arise during the leasing process, such as negotiating disputes, late payments, or property maintenance concerns.
- Lease Management
- Lease Negotiations : Negotiating lease terms and conditions with potential tenants, ensuring that both parties are satisfied with the agreements.
- Lease Documentation : Overseeing the preparation and execution of lease agreements, ensuring they are legally compliant and reflect the agreed-upon terms.
- Renewals and Expansions : Managing lease renewals for existing tenants, addressing concerns or changes, and negotiating lease extensions or expansions when appropriate.
- Tenant Relations and Communication
- Managing Tenant Queries : Responding to potential and existing tenants’ inquiries regarding available spaces, rental rates, amenities, and other property-related concerns.
- Conflict Resolution : Addressing and resolving tenant issues to ensure a smooth leasing operation.
- Onboarding New Tenants : Coordinating the onboarding process for new tenants, ensuring they understand the terms of their lease, the property rules, and their responsibilities.
- Marketing and Promotion
- Marketing Properties : Developing and executing marketing strategies to attract potential tenants.
- Property Showings : Conducting property tours for prospective tenants, highlighting the features and benefits of the property.
- Tenant Retention Strategies : Implementing strategies to retain current tenants, such as loyalty programs and regular communication.
- Rent Collection and Financial Oversight
- Rent and Payment Tracking : Ensuring timely collection of rent payments from tenants.
- Financial Reporting : Tracking leasing performance metrics and providing regular reports to upper management.
- Budgeting : Assisting in the budgeting process for leasing-related expenses.
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