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This guide outlines a structured process for General Managers to evaluate tenant rent relief requests. It emphasizes formalizing and streamlining JLL's response system to ensure efficient analysis and decision-making. Key roles include gathering tenant information, evaluating requests, completing necessary paperwork, and involving relevant parties. The Receivership Manager reviews each package for completeness and validity, while the Regional Leasing Manager provides necessary input and approves requests before submission to the client. This process can be crucial during lease term changes.
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How to Prepare and Process: Rent Relief
Rent Relief • A Part Of A General Manager’s Daily Job • Process Developed: • Assist In Giving General Manager New Tools In Evaluating A Tenant’s Request For Relief • To Formalize & Streamline JLL’s Response & Analysis To Rent Relief Requests
Roles and Responsibilities • General Manager • Gather Tenant Info • Evaluate The Request • Fill Out Rent Relief Form & Involve Necessary Parties As Noted Below • Oversees Process • Receivership Manager • Review Each Rent Relief Package To Help Determine Validity Of Each Request • Ensure Submission Is Complete • Regional Leasing Manager • Informed Of The Request • Provides Input As Necessary • Approve Request Before It Goes To The Client Note: RLM Will Have Greater Involvement If There Is A Change In The Term Of The Lease