MMP731 - Management Of Real Estate - Industrial Property Management - Management Assignment Help

Assignment Task

You are required to answer ALL questions.

Question 1
Industrial leasing shares similar traits to commercial leasing but with uniquely different requirements for compliance. Explain fully what these compliance requirements are. In addition, describe in detail what are the tenancy management issues and risks associated in industrial property management?

Question 2
Part (a)
As a property manager, it is your responsibility to protect the owner’s investment. Some of the ways to protect the investment property are tenant selection, inspections, maintenance, and Insurance. Discuss and detail fully why these are important. What issues can arise if these are not managed appropriately?

Part (b)
Describe the key guidelines a shopping centre manager should follow in relation to placement of tenants within a shopping centre. In your answer, discuss why a shopping centre location is important to its success and how this relates to the selection of centre tenancies.

Question 3
A property manager for a commercial real estate company based in the south-east suburbs of Melbourne is also a member of the local council. Council are considering the possible movement of their maintenance depot due to outgrowing their current site. The property manager is also the agent for an investor who has a vacant commercial/industrial site that potentially would be ideal for the Council’s new depot.

Consider the implications of whether there is a conflict of interest and if so, how would you suggest that the property manager should proceed? In your answer, discuss if there are any direct/indirect conflicts of interest? Would the property manager have any applicable professional conduct and obligations to abide by?

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