Property & Asset Management
A comprehensive integrated management plan for all real estate assets.
What is an Asset Management Plan?
I am a real estate professional working for an organization that needs space that doesn’t exist within the organization. I need to assemble a team for this kind of lease.
What is an Acquisition Lease?
An interest rate used to convert future payments into present value.
What is a hurdle or discount rate?
A promise to deliver goods or services or property, or to perform some act or to refrain from performing some act.
What is consideration?
These are interpreters of lease provision disputes.
Who are attorneys or solicitors?
The process of obtaining the best use or return on a real estate asset after considering the asset’s value to both the present and future core business needs.
What is Asset Optimization?
I provide real estate services expertise and may serve as a project manager/coordinator, with duties such as disseminating information, providing recommendations, and obtaining approvals.
What is an Asset Manager/Property Manager?
Making a reasonable effort to provide accurate, complete, and timely information.
What is Due Diligence?
A lease consists of these two Cs.
What is a contract and a conveyance?
This is the right of a public agency to acquire private property for a public use.
What is condemnation or expropriation?
A principle that examines the competitive characteristics of each property in comparison to other comparable properties.
What is the Principle of Competition?
We need to secure a tenant for an organization owned vacant building. Management is recommending we obtain the services of this professional.
What is a real estate agent and/or broker?
Properties currently used for core business activities.
What are Operating Properties?
The requirements of competent parties, mutual assent, consideration, legal purpose, definite and certain terms, and freedom to contract make up these.
What are contract essentials?
This is an event that cannot be resisted (e.g., natural disasters, riots, strikes, arson).
What is a force majeure?
The process of maintaining and creating value in real property.
What is Property Management?
If you have this in-house, it can be utilized for reviews and recommendations of building systems, maintenance, and janitorial services and can be the client representative to a general contractor during leasehold improvements made to the property.
What is a facilities manager?
A business resource assessment tool, which enables an organization to compare its actual performance to its potential, or desired performance.
What is a Gap Analysis?
Licenses are often used instead of leases but differ in these three key components.
What is personal privilege, revocable at the will of the licensor, and not transferable?
This refers to insurance companies’ right to seek reimbursement of a claim paid to a third party.
What is subrogation?
Often described as the art of combining the management of the physical property and the asset to achieve the owner’s financial goals.
What is Asset Management?
These two types of resources are selected for the assemblage of the acquisition or revenue lease teams.
What is internal and external/ad hoc?
A formal, structured invitation that organizations use to invite potential suppliers or service providers to submit proposals for the supply of goods, services, or works.
What is a Request for Tender (RFT)?
This delivers a possessory interest in real estate.
What is a Lease?
This is a type of document where nothing should be assumed or left to interpretation.
What is a lease document?