CPPREP4235 – PROJECT: end of commercial lease Task 2 You (the learner) to end commercial property lease. Ms Jones has hired a small building where she runs a private clinic. She wants to make several alterations in the rooms to which the lessor has already been agreed, but once the lease has been awarded, the lessor refuses to make so many alterations in the building, as a result of which Ms Jones wants to end the lease. You, as a real estate agent, have been given a job to document the request of the lessee to terminate the lease and clarify the circumstances requiring termination. Analyse lease documentation to verify conditions of termination and confirm lessor and lessee responsibilities. Inform lessor regarding the termination of the lease agreement. Notify lessor and lessee of responsibilities and obligations associated with lease termination. Consult with the lessee to monitor satisfactory completion of make-good requirements. Conduct and document property inspection to verify outgoing property conditions according to terms and conditions of the lease. Facilitate financial settlement according to terms and conditions of the lease. Record financial transactions according to legislative requirements. Organise and monitor property handover procedure to lessor satisfaction. Complete and secure end of lease documentation according to legislative requirements. Submit a report incorporating the notice of termination of a commercial lease, details of property inspection and findings, details of lessee and lessor responsibilities associated with the termination of lease and record of financial transactions. Use the template to record details of the process.
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