OVERVIEW OF THE LEASE OCCUPANCY PROCESS
PREPARED BY
A. DAVID SCHWARZ III, SIOR


I. Preliminary Meeting with Client

Preliminary meeting with Client to establish scope of Corporate Service Assignment determining how to integrate facility needs with corporate goals and objectives.

II. Establish Client's Specific Facility Requirements
Tour existing space, review existing floor plans and discuss needed modifications and unique physical requirements with Client; thereby, establishing the basic criteria (including, but not limited to size, expansion needs, geographical parameters, finish requirements, construction procedures, pass through provisions and desired flexibility) and making subjective and objective comparison of all financial and operating issues.

III. Identify Alternatives in the Market Place
Having defined, objectives, identify all logical alternatives in the desired office submarkets. Contact all owners and/or brokers representing buildings in the market place and provide to them clients lease requirements.

IV. Market Research
Prepare the available space survey providing a comprehensive presentation package that includes information regarding all potential buildings, sites, Landlord's and renderings with preliminary rental rate ranges.

V. On-Site Inspection of Office Buildings
After submission and client review of the survey, I will schedule onsite inspections with the Client of the properties which are of prime interest.

VI. In-Depth Analysis of Office Buildings
After the onsite inspections, I will follow up the preliminary survey with an in-depth analysis of those office buildings that are still under consideration, (Note: By visiting the properties of prime interest the Client will be able to assess the Building Management's attitudes, competence and general willingness to be of service as the Landlord's Representative). (See attached Lease Proposal Analysis Format)

VII. Prepare Request for Proposals ("RFP")
After further elimination, proposals ("RFP") will be requested from those owners and Landlord's whose Buildings appear to meet the Client's preliminary requirements. (See attached sample RFP Letter outlining the major business points for consideration).

VIII. Evaluation of Landlord Proposals
Upon receipt of the initial proposals and after making an evaluation of the space plans and sample leases, we will jointley develop our negotiating strategy, incorporate it into a form lease proposal for submission to various owners thereby developing a competitive atmosphere.

IX. Final Negotiation Phase
Once Client decides on the building of prime interest, major business terms of the lease and Tenant's Improvement Agreement (workletter) and refine space plans and construction costs.

X. Execution of Letter of Intent
Once the formal letter of intent is executed I will then continue the negotiating process to the lease preparation stage on Clients behalf.

XI. Execution of Lease
Finally, I will be available to monitor the project through Lease execution and delivery, working drawings, construction, punch out items and finally clients occupancy of the new space. (Note: If Client desires, I can assist Client in selecting and coordinating necessary consultants such as movers, interior designers, telecommunication consultants and construction management).

XII. Lease Administration
After occupancy of the new space by Client, I will be available to help, prevent or resolve any conflicts that may arise between Client and Landlord. In addition, I will be glad to act as your lease administrator providing yearly lease reviews, including market updates, projections of office absorption, vacancies, rates and trends in the market place.

XIII. Annual Lease Audits
Upon Clients request, I will be available to provide annual audits of operating costs and escalation changes.

XIV. Follow-up Client/Landlord Meetings
I will always be available when required for meetings between Client and the Landlord throughout the duration of the Lease.