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