About this video
Ellie checks a lease's signing documents against the agreed terms and finds an incentive over the approval cap.
Full description
Ossora's lease of Levels 30 and 31, Wattlebrook Tower, is due to sign on Tuesday 29 September. The lease matches the agreed terms, but the incentive deed pays A$3,800 per sqm towards fit-out, not the agreed A$3,000, taking the total incentive to 34.15% of face rent against the joint venture's 30% cap. Written consent is needed before signing.
Key points
- Signing documents checked against the heads of agreement
- Incentive recalculated against the approval cap
- Consent flagged before signing, not after
Video details
- Roles
- Asset Manager, Owner
- Processes
- Lease Abstraction, Asset Management
- Geographies
- APAC
- Markets
- Australia
- Tags
- author-demo-2, leasing, incentives, Australia