02 — Capability · BC-1370.20
Lease & Occupancy
Negotiate and administer the leases and property agreements behind every store, and manage occupancy cost and the critical dates — renewals, breaks and expiries — so no store is lost or overpaid for by oversight.
- Lease Administration
- Occupancy Cost
- Property Management
In scope
- Lease negotiation and renewal strategy
- Lease abstracts, critical dates and obligations
- Rent, common-area charges and percentage rent reconciliation
- Lease accounting support and landlord relations
Out of scope
- Lease accounting standards and journal entries (see BC-210)
- Contract law review (see BC-150)
Decomposes into · 4
- BC-1370.20.10Lease Negotiation & RenewalNegotiate terms, incentives and renewal options for new and expiring leases from a position informed by the store's performance.
- BC-1370.20.20Lease AdministrationAbstract every lease, track critical dates and obligations and act on them before the option lapses.
- BC-1370.20.30Occupancy Cost ManagementVerify rent, service charges, taxes and percentage rent against the lease and recover overcharges.
- BC-1370.20.40Landlord RelationsMaintain the working relationship with landlords and co-tenants that makes renewals, remodels and disputes easier.