Sr Leasing Representative

Subway; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading fast-food company located in Toronto is seeking a Senior Leasing Representative to oversee lease negotiations and acquisitions. Candidates should possess 5-8 years of commercial real estate experience and strong lease negotiation skills. This position involves drafting leases, addressing lease issues, and coaching leasing representatives. The role offers a range of benefits including insurance plans and tuition reimbursement.

Benefits

Insurance Plans (Medical/Dental/Vision/Life)

RSP

Competitive Bonus

Mobility Allowance

Tuition Reimbursement

Company Holidays

Volunteering time

Qualifications

• Minimum 5-8 years of Leasing and Commercial Real Estate experience.
• Experience in lease negotiation and renewals.
• Strong understanding of leasing and ability to interpret lease language.

Responsibilities

• Negotiate 40 - 50 new leases and amendments per month.
• Draft and review leases and amendments.
• Assist franchisees with lease issues and disputes.

Skills

Lease negotiation

Communication skills

Attention to detail

Problem-solving

Multi-tasking

Education

Bachelor's in business administration, economics, finance, accounting or real estate

Tools

Microsoft Office Suite

Tango

OnBase

Job description

Location: Toronto Canada

Ready for a fresh, new career? Look no further because one of the world’s most iconic brands can help you get there.

Why Join Us?

At Subway, “better” is baked into our DNA. We are a brand that believes in continued improvement … in our lives, our businesses, and our planet. From the handshake that started our very first sandwich shop to earning our position as the world’s leading restaurant brands, we’ve always embraced change and the path ahead. And today, we're making better living way easier.

Our purpose is about more than the food we serve in our restaurants. It’s centered on fueling healthy businesses and healthier lives. It is one of the most exciting times to join the Subway team and contribute to our transformational journey.

About the Role:

The Senior Leasing Representative will be responsible for coordinating the acquisition, negotiation, and execution of all new leases and lease renegotiation for the assigned territory. They will work closely with franchisees and HQ staff to ensure that leases are handled properly and meet procedural requirements and company policies. This is a higher-level advanced leasing representative position which requires experience and a thorough grounding and understanding of retail leasing and strong negotiation skills. An advanced level of leasing and real estate knowledge including all elements of leasing, real estate, and negotiations (lease analysis, document drafting & revisions, negotiation strategies for renegotiations and/or new leases). The position is clearly reserved for the most seasoned and experienced leasing reps within SRE, LLC, regardless of team.

Responsibilities include but are not limited to:

• Responsible for negotiation of 40 - 50 new leases and lease amendments per month. Heavy lease negotiation and communication with Landlords, developers, franchisees, and attorneys.
• Drafting and reviewing leases and amendments to submit to landlords. Careful attention to detail and proficiency working on lease drafts, amendments. Review completed documents for accuracy and approve for processing and execution by an SRE, LLC Officer.
• Provides potential asset improvements in terms of limit of liability, termination rights, options, occupancy controls, etc. as outlined by SRE, LLC policies and provisions.
• Answering franchisee, development agent, and internal partner questions. Assists in addressing and solving lease issues and disputes with landlords for existing locations.
• Evaluating and negotiating lease buyout proposals from Landlords, early lease termination proposals to Landlords, governmental or jurisdictional condemnations and takings.
• Coaching and assisting Leasing Reps, franchisees, development agents, and internal partners to relocate existing locations, secure rent reductions, and amending contracts for existing locations.
• Participate in staff and team meetings and discussions and assist with development of strategies, processes, and policies.
• Ensuring all necessary approvals, paperwork and company procedures are incorporated into the lease and files (franchisee acceptance, excessive rent, break-even analysis, relocation approval, and site review analysis).

Qualifications:

• Min 5-8 years of Leasing and Commercial Real Estate.
• Bachelors in business administration, economics, finance, accounting or real estate preferred.
• Strong communication skills (verbal and non-verbal)
• Attention to detail.
• Prior experience in lease negotiation and renewals.
• Experience in market analysis and determining fair market rents.
• Strong problem-solving skills with the ability to forecast possible outcomes.
• Must be able to multi-task in a high-pressure environment.
• Must have a strong understanding of leasing and be able to interpret lease language.
• Proficiency with Microsoft Office Suite. Prior experience utilizing Tango or OnBase a plus.
• Travel Requirement: up to 10% of the time.

What do we Offer?

• Insurance Plans (Medical/Dental/Vision/Life)
• RSP
• Competitive Bonus
• Mobility Allowance
• Tuition Reimbursement
• Company Holidays
• Volunteering time
• Many More…..