Professional Documents
Culture Documents
SURVEYORS
JUNIOR ORGANISATION Pre-Qualification Structured Learning
Contents
Part 1
Types of shopping centre
Part 2
Leasing strategy for a new
shopping centre
Part 3
Tenancy administration
Part 4
Past examination exercise
Part 5
Q&A
By location (district/accessibility)
By size
By quality and quantity of customers
By quality and quantity of tenants
By the Landlords intention
Leasing process
Finding tenant - by Landlord or thru Agent
Agreed on location, term, use, area on rent
Sign the offer (binding) - payment of first months rent
and deposit
Fitting out
Signed the Tenancy Agreement (usually later than
possession date)
Stamping
Tenant Mix
by categories
by location
by size
by price
Class
High
Gucci
Swank
D&G
Middle
Crocodile
Low
Price
Low
Middle
Cityplaza
High
Pacific Place
Tenancy Agreement
Terms -usually 3 years certain
Why?
Excluding from Part V of Landlord and Tenant
Consolidation Ordinance -- 6 mths NTQ
Exclusion: A tenancy agreement for a fixed term of
three or more years which contains no provision
for earlier termination other than for breach
Terms
Area? State or not? Referring to plan?
Rent: including what?
Any rent-free period, how to assess? Management
or A/C charges during rent-free, what provision
does given during rent-free
Expert Witness
usually professional
relies on own judgement for
decision
may be sued for negligence
appeal can be made on valuation
error
simpler procedure
fee is various
Arbitrator
may not be profession
made judgement on evidence
submitted
immune from proceeding
appeal only on point of law
cumbersome procedure
fee follows the scale of fee
Toilets facilities
Telephone ? Where and how many ? Types
ATM machine/bank
Seats
Landscaping
Ambient music
Odour or smell
Sales Performance
Rental Payment
Management Problem
Financial Status
Competition with others
Any new replacement through application list or
in the market
Magazines, Agents, etc.
Information Desk
Toilets
Foodcourt location
Restaurants - types and location
Chain stores
Dept Store/Hypermarket as anchor tenant
Display area
Booth/kiosk
Ambience music
Skylight
4 P
Place
Price
People
Promotion
Thank You!