Leasing Agent Job Description

Leasing agents perform an important task of finding lessees for the landlords. But is that all they do? Here's more on the leasing agent job description.

Leasing Agent Job Description

So while the principal task of the leasing agent remains ensuring that a homeowner or landlord's piece of land does not lie unused, there's more to the job of a leasing agent. Leasing agents usually operate as free agents, unattached to any company. They work on a commission basis and help bring a homeowner and a lessee together and strike a deal between the two. The leasing agent provides a range of services to the lease giver and charges commensurately for his services. Here's a deeper look into the leasing agent responsibilities.

Finding Lessees
The leasing agent needs to be pretty well connected and have a good network. It is his job to offer his services to both parties, the lease giver on one hand and the lessee on the other. The leasing agent maintains a record of his clients, what are the exact dimensions of the land to be leased and on the other hand, what are the requirements of the lessee. By matching the two, the leasing agent ensures that the two parties meet and reach a mutually agreeable arrangement to lease the land.

Screening the Applicants
Often too-busy landlords are charged by the leasing agent for screening the applicants. The leasing agents may also offer the service of doing a background check on the applicants, making sure that their financial position is pretty stable and there is no reason why the applicant, if given the lease to the land, will give any sort of trouble while making the periodical payments. The leasing agent may also go so far as to do a check for any criminal records.

Drawing Up the Lease Papers
The leasing agent if qualified to do so, can also offer to draw up the papers for lease. The papers are basically the contract agreement between the lease giver agreeing to lease the property for a period of time and the lessee agreeing to pay the periodical amounts that the lease demands. The leasing agent duties may also require him be the custodian of these legal documents.

Feedback
Since the leasing agent works as a proxy and interface for both the lease giver and the lessee, it is also part of the leasing agent job description to communicate any details from either party to the other.

Leasing Agent Salary

While discussing career opportunities it is pretty important to know the how much you're going to get paid for it. A leasing agent works on a commission basis and his remuneration is largely based on the number and size of the deal and the amount of activities he chooses to undertake along with leasing. A leasing agent who provides the whole range of services will get paid a lot more than someone who simply ensures that the lease giver meets the lessee and ends his work there. By size of the deal, I mean that a leasing agent who trades prime property worth a higher amount will be paid more as the commission of the leasing agent is largely calculated as a percentage of the deal finalized.

Having said that, the national average salary for leasing agent is estimated to be around USD 47,051 annually.

So this was all about the leasing agent job description and salary range. The job of a leasing agent can be highly remunerative, if you work in the right area for the right people!