Position Description
Job Purpose
Structuring and negotiating Property transactions and asset management of the Property portfolio.
Acquiring suitable premises, completing market rental surveys and negotiating the best possible market related lease terms and conditions and tenant installation allowances on new leases, renewals and relocations, early termination of existing leases, relocations, closures and sub-letting in respect of network needs of Customers in leased and bank-owned buildings.
Further to the above, Leasing Dept. is responsible for reducing its Customers rental exposure in cases where premises are vacated prior to the expiry date of the lease by negotiating sub-lease agreements or cancellation of existing lease agreements.
KRAs
Structuring and negotiating commercial transactions
Advice, draft/review commercial agreements and legal documentations of other transactions
Advise/ liaise with external partners, agencies, contractors, consultants; and internal departments on various agreements/transactions with a variety of service providers
Appraisal, investigation and advice on proposed property acquisition to eliminate risks and perfection of title upon acquisition
Ensuring the department is compliant with all Group compliance, financial and statutory institutions including CBN and other regulatory bodies.
Continuous liaison with external solicitors to ensure regular updates, compliance with procedural rules of court, stipulated time limits for actions, etc. in order to minimize the cost and adverse effect of litigation
Market rental and escalation surveys for renewals, relocations and new premises. In respect of new premises, an additional market survey is completed to establish market related tenant installations and allowances;
Assisting with negotiation of lease renewals, closures, additions/reduction, relocation and new POR’s, by identifying suitable premises according to needs/affordability in most desirable areas and to address Customers leasing/premises requirements as soon as possible and to ensure a prompt turnaround time to Customers;
To meet individual key result areas which key result areas are established between the Supervisor: Legal/Leasing and the Manager, Leasing.
Correspondence as part of negotiation with Landlords motivating the terms required by the Bank.
Ensuring that fully executed lease documents are received from Landlords and submitted to Safe Custody for safekeeping.
Calculating and/or checking of stamp duty required on lease documents together with stamping thereof.
Prepare monthly management reports.
Evaluate Landlord’s intentions and renewal terms or new lease terms where applicable.
Deadline: As soon as possible (ASAP)
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