Senior Law Clerk, Real Estate – In-Office Role
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- Toronto, ON
- $95,000-130,000 per year
- Permanent
- Full-time
- Draft, revise, and assist in negotiating office/retail leases and ancillary lease documents such as lease extensions/renewals, amendments, surrender, overhold, consent to sublease, parking agreements, storage agreements, default letters, non-disturbance agreements, and general correspondence
- Review lease document information in VTS (Electronic Lease Workflow)
- Interact with internal clients and external legal counsel and tenants, under the supervision of counsel
- Provide general administrative support to counsel
- Instruct outside counsel with respect to the preparation, negotiation and completion of legal documentation including reviewing drafts and approval of final documents submitted by outside counsel for execution by landlord
- Participate in legal initiatives including preparation of estoppel certificates and major tenant lease summaries in connection with financing, organizing leasing precedent system, updating lease document templates, and participating in other special projects
- Handle tenants' requests for transfer of lease including obtaining all required information for landlord's review, reviewing lease documents to determine landlord’s rights, and obtaining landlord’s approval (including discussion with financial analyst, property manager and asset managers). Inform tenants of landlord’s decision including drafting and sending letters explaining landlord’s refusal, or preparing, negotiating, and completing any required consent documents
- Supervise and review ancillary documents prepared by junior legal assistants including aiding in drafting and reviewing tenants' amendments
- Provide ongoing support to leasing managers, property managers, asset managers and other staff in areas such as interpretation and review of lease documents, providing advice as to rights, restrictions, and obligations, and drafting documentation and correspondence as requested
- Perform other lease administration functions including preparation and/or approval of lease summaries, ensuring quality of information recorded in lease management systems (e.g. approving deals), providing updates for status reports and maintaining list of retail exclusives and first rights
- Minimum 8 years of related legal experience in commercial (office and retail) leasing within a law firm or in-house legal department
- Completion of recognized law clerk diploma or equivalent experience
- Sophisticated comprehension of leasing issues
- Advanced level Microsoft Office skills
- Knowledge of Yardi and VTS would be considered an asset
- Exceptional attention to detail, with superior level of reading comprehension skills, sophisticated drafting skills, good judgement and strong negotiating and analytical skills
- Ability to work independently with minimal supervision and is self-motivated with a positive attitude
- Team player, able to work under pressure, meet deadlines, judge changing priorities, and take strong initiative