Lease Contract Specialist Uae National

Dubai, United Arab Emirates

Job Description

BUSSINESS INTRODUCTION:Welcome to Majid Al Futtaim Properties \xe2\x80\x93 Asset Management Business Unit. We develop and operate a range of community and regional malls that vary in size and type, and each mall is strategically developed to meet the specific needs and requirements of its market.Our shopping malls portfolio has become world renowned for innovation within the shopping centre, retail, design and construction industries. We create \xe2\x80\x98destination\xe2\x80\x99 malls that deliver more than just great shopping, through unique leisure offerings such as Ski Dubai, Magic Planet and VOX Cinemas. Through our pioneering efforts, we provide an impressive launch platform into the region for some of the world\xe2\x80\x99s most famous retail brands, allowing these retailers to strengthen and grow their brands strategically across a broad market.When it comes to our shopping malls, our aim is simple: to deliver great moments for everyone, everyday, while at the same time redefining the industry standard, achieving global recognition, and driving retail growth in the region.JOB TITLE:Specialist, Lease Contract Management \xe2\x80\x93 UAE National | Asset Management Business Unit | MAF PropertiesROLE SUMMARY:The role is responsible for the timely and accurate management of lease documents, from system (Yardi) entry validation including verification of submitted supporting documents leading to drafting the required contract, sending to tenants for signature and execution of such document to render it a legally binding contract. The role also entails direct communication with internal and external (tenants or clients) stakeholders to ensure the process of review and signing the contract as per the standard procedure of Lease Contract Management (LCM) is being followed and adhered to.ROLE PROFILE:
  • Complete and accurate review and validation of system (Yardi) entries related to the deal. The required validation pertains to commercial entries, concessions being extended to the tenant, lease term and pertinent dates related to fit out or renovation ensuring the program coincides with the standard program of Majid Al Futtaim\xe2\x80\x99s (MAF) Retail Delivery (RD) team.
  • Complete and accurate review and verification of required supporting documents like trade license, VAT registration and other corporate legal documents from the tenant, internal approvals, special instructions that should be reflected in the lease and other pertinent information related to the terms of the deal.
  • Generation of lease (lease agreement, license agreement, amendments, assignments and terminations) drafts from LCM\xe2\x80\x99s central contract management system (Kofax) ensuring every detail in the generated document is reviewed and consistent with the system (Yardi) entries, lease instructions on the commercial terms and conditions of the lease are correct prior to submission of the lease draft for second level of review. Preparation of municipality agreements including other supporting documents as per LCM standard lease pack are also required to be prepared.
  • Ensure all pertinent and valid legal documents from the tenant as per LCM\xe2\x80\x99s list of standard tenant\xe2\x80\x99s corporate legal documents are submitted by the tenant to allow fast and efficient review and validation and execution. On payments, validation of submitted payments according to the terms of the lease including payment frequency must be aligned with the signed lease.
REQUIREMENTS:
  • Bachelor\xe2\x80\x99s degree in Business Administration or equivalent
  • Minimum 3-4 years work experience in contract management and documentation activities preferably in a reputable retail or real estate companies in GCC. With legal background is a plus.
WHAT WE OFFER:
  • At Majid Al Futtaim, we\xe2\x80\x99re on a mission to create great moments, to spread happiness, to build, experiences that stay in our memories for a lifetime. We\xe2\x80\x99re proud to say that over the past 27 years, we have built a reputation as a regional market leader in what we do. Join us!
  • Work in a friendly environment, where everyone shares positive vibes and excited about our future.
  • Work with over 50,000 diverse and talented colleagues, all guided by our Leadership Model.

Majid Al Futtaim

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Job Detail

  • Job Id
    JD1734875
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Dubai, United Arab Emirates
  • Education
    Not mentioned