Letting & Lease Management

Comprehensive Services including Legal Documentation & Tenant Coordination

Approach potential Tenants for letting or otherwise dealing with various spaces in the Project, including retail stores, outlets, restaurants, cafes, open lettable areas, ATMs, vending stations, kiosks and carts.
Assist Client-appointed Lawyers in the preparation of all standard forms of legal documents (Term Sheets, Agreements to Lease, Standard Waiver Letters and Addendums) for the following categories:
- Anchor Tenants
- Mini Anchor Tenants
- Multiplex Cinema
- Vanilla Retail – Fixed Rent
- Vanilla Retail – Revenue Share (with Provisional Rent OR Minimum Guaranteed Rent)
- Entertainment
- Food Court Tenants
- Open Cafes in common areas
- Restaurants
- Others - Tenants in common areas, Kiosks & Carts, Commercial Advertising, Displays & Signage; including Customization of legal documentation for MNCs and special tenants
Complete commercial-legal negotiations, including 8/9/12 year payout simulation and comparison with fixed rentals.
Render all other assistance as is necessary to facilitate closing of deals/transactions with tenants.
Management of Client Approval Process (with Deal Analysis) for deals falling 20% or more below the list price.
Execution of Term Sheets (with Annexures for Anchor Tenants).
Continuous Tenancy Mix Optimization and Space Management.
Execution of Agreements to Lease and Addendums outlining any deviations from standard conditions.
Collection of all installments of IFRSD from tenants.
Tenant Release Form.
Tenant Design, Handover and Fit-out Coordination, in association with a representative of Project Architect / ID.
Management of Renegotiations, Cancelation & Refund Process, Strategic Relocation & Supplemental Documentation Process.
Execution of all types of Supplemental Agreements.
Weekly Lease Status Report with Snapshot Analysis.
Monthly Target vs Achieved Revenue Analysis Report.

Asipac has done a fantastic job, keep it up.

-Manish Chowdhary, ACER