Real Estate Manager
1 week ago
At RONA, over 26,000 employees let their passion blossom every day. Our teams are driven by the desire to help people bring their projects to life and are committed to making a difference in the communities we serve.
We operate or service some 450 corporate and affiliated dealer stores. With a distinctive product and service offering and complementary store formats ranging from neighbourhood hardware stores to big box stores, our RONA, Lowe’s, Reno-Depot, and Dick’s Lumber banners are always looking for dedicated employees to help meet the needs of all DIYers and contractors.
You’ve got the talent? We’ve got the tools Here, your work and ideas will contribute to building a flourishing organization. Your voice will always be heard and valued. You’ll find career opportunities that live up to your ambitions and be able to further develop your unique set of skills.
So if you’re looking to do what you love, we could be perfect for each other.
***:
**Our expectations**:
As a member of the property management team, the Real Estate Manager is responsible for the management and administration of a portfolio of properties and for ensuring that leases are respected. He/she will plan, coordinate and follow up on critical deadlines and dates. He/she will be required to communicate, collaborate and build trust with multiple stakeholders.
**Your role**:
- Manage all existing contractual agreements for all properties managed by RONA Inc.
- Work closely with the Real Estate Development Department on various legal obligations (e.g., lease renewals, amendments and other modifications to original leases and renegotiations by the Real Estate Development Department)
- Ensure and plan for various legal obligations regarding lease terminations, surrenders, third party obligations to the company, easements, municipal notices, property taxes, environmental clauses, and lease certificates.
- Work in collaboration with the Construction and Operations Departments regarding any deviations and non-compliances with the various city regulations in order to bring the property into compliance with the current standards.
- Negotiate the following real estate transactions: (i) lease renewals and other contracts related to existing properties; (ii) lease amendments following expansion or renovation; (iii) major repairs; (iv) termination prior to expiration; (v) surrender of premises; and (vi) disposition of assets.
- Negotiate the resolution of various lease disputes, such as rent disputes, interpretation of monetary clauses, covenant defaults and restrictions.
- Make requests and follow up on legal documents with the Legal Affairs department.
- Analyze and reconcile common charges and applicable tax accounts and other miscellaneous billings.
- Ensure annual budget preparation for rent, common area maintenance and property taxes.
- Authorize the monthly payment of all rents and validate the commitments required by the Accounting Department.
- Monitor monetary obligations related to revenues, collect sublease revenues and administer seasonal sublease agreements.
- Coordinate and follow up on property assessment disputes with external tax consultants.
- Ensures the continuous updating of the internal database with any changes to the properties under his/her responsibility.
- Ensure the proper functioning of contractual conditions and commitments during the opening and closing of stores.
- Ensure internal tracking of letter of credit repayments, guarantees and leasehold development allowances.
- Manage, direct and follow up on requests received from Store Managers and Regional Managers.
- Collaborate with Technical Services on property repairs in accordance with the current lease.
**The qualifications we are looking for**:
- At least 5 years of experience in property management / lease administration or a similar real estate position
- Excellent organizational and planning skills
- Proven negotiation and influencing skills
- Excellent interpersonal and communication skills and ability to work effectively at all levels of the organization (both internal and external)
- Excellent proficiency in Microsoft Office Suite, ease of learning various systems
- Ability to understand several different legal and operational structures (experience in Finance will be considered an asset)
**By joining the RONA family, you’ll enjoy many benefits, such as**:
- A fitness centre, sports activities, and showers
- A childcare centre that can accommodate up to 78 children
- A cafeteria with a delicious menu prepared by a dedicated chef, healthy options, as well as FARO Roasting Houses and Tim Hortons coffee stations
- Exclusive employee discounts, plus a 10% discount on store merchandise (at all Lowe’s Canada locations)
- Benefits: retirement savings plan, annual bonuses, student incentive program, etc.
- Electric car charging stations
- Career growth opportunities within the company
- An inclusive and safe working environment
- Promotion of w
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