Unit of competency Outline

Date retreived
22/07/2026 5:31 PM AWST

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Establish commercial property lease

Establish commercial property lease

Unit of competency
National Code
CPPREP4204
State Code
OAQ60
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
21/03/2019
View on TGA
State Implementation and Classification
Approved Date
03/06/2020
Field of Education
080503 - Real Estate
Original Release Date
03/06/2020
Nominal Hours
55
Description
This unit specifies the skills and knowledge required to establish a commercial property lease. It includes working with potential lessees to assess their suitability for the lease and obtain agreement to lease terms and conditions following lessor instructions. It also includes preparing and administering lease documentation, approvals and payments and negotiating with parties to the lease to formalise lease arrangements.The unit applies to industry professionals in real estate.State or territory licensing requirements may apply to this unit.
Notes
Elements and Performance Criteria
1. Respond to lessee enquiry for commercial property lease.
  • 1.1 Respond promptly to lessee enquiry and identify their needs and preferences.
  • 1.2 Discuss property features and usage requirements with lessee according to type of property and lease.
  • 1.3 Assess lessee suitability against property usage and lessor instructions.
  • 1.4 Provide additional information to lessee as required and obtain agreement to proceed with lease.
  • 1.5 Record details of interactions with lessee according to agency requirements.
2. Disclose terms and conditions with lessee.
  • 2.1 Prepare pre-lease documentation, setting out terms and conditions of lease and proposed agreement between lessor and lessee.
  • 2.2 Brief lessee on lease terms and conditions and provide required information or advice to address issues or concerns.
  • 2.3 Confirm with lessee required bonds, rent reviews, outgoings and financial obligations.
3. Negotiate agreement for commercial property lease.
  • 3.1 Negotiate terms and conditions of lease with lessee according to lessor instructions and type of commercial property.
  • 3.2 Identify and resolve issues that may impact agreement of the lease terms and conditions.
  • 3.3 Maintain communication with lessee and lessor to negotiate variations to conditions of agreement.
  • 3.4 Negotiate conflict or deadlocks and confirm final lease agreement.
4. Facilitate completion of lease for commercial property.
  • 4.1 Administer required lease approvals and payments according to lease agreement.
  • 4.2 Execute lease documentation and facilitate lease registration.
  • 4.3 Check understanding of responsibilities and obligations with parties to the lease.
  • 4.4 Secure lease records according to agency requirements.
No information
No information
State Code National Code Title Type
AD903 CPPSS00071 Commercial sales and leasing Skill set
BEH9 CPP41419 Certificate IV in Real Estate Practice Qualification