The combination of an occupiers requirement

The combination of an occupiers requirement to generate income (recovering a share of costs) from their sub-tenants and the need for that recovery to be compliant, we are working with an increasing number of our clients on their tenanted and sub-tenanted estates. There are significant opportunities that are often overlooked and we work to put…

The unrepresented client(s) are

“The unrepresented client(s) are ‘Void’ and ‘Landlord Shortfall’ – they have an increasing service charge liability and an ever expanding portfolio. If there are any Managing Agents that can help let us know! On a serious note, as part of a recent client review meeting, we debated this subject and why Landlords are not doing…

Assure …..powered by Verivi

Assure …..powered by Verivi. Delighted to say that our software for occupational property cost control & auditing is now protected. It means we can continue to invest for our clients benefit. This provides us with a sophisticated and intelligent system to establish trends and unearth cost saving opportunities, whether it be through benchmarking or targeting…

The Service Charge Circle is Getting Bigger

A number of our clients are looking at service charge as a proportion of rent. In my early working days, I recall people viewing 10% as reasonable proportion (where a service charge was payable). That is now rising and we are seeing that figure move up to 25% in many cases and above 50% in…

Major Landlord Cutting Service Costs

At a recent round of Budget reviews, Hammerson gave some early details of their initiative to cut recurring costs in their service charge budgets by £2m.  This isn’t deferring major works but cutting annually recurring costs.  Some might say, they were too high before.  That may be so but at least steps are being taken…

Renewables on the Roof

Reducing Service Charges It is reported that the Landsec solar panel installation at White Rose in Leeds, covering the equivalent of 17 tennis courts, is proving to be a real success. The panels provide 680 MWh of electricity throughout the year and the benefit is going directly to the Tenants by way of a reduction…

Shopping Centres in Administration

What happens to your Service Charge? A recent article suggested that as many as 200 shopping centres could fall into Administration unless their owners can secure fresh funding. This can have serious consequences for occupiers and their service charge (including sinking funds).  The risks include the loss of ‘on account’ service charges that have not…

Tenants wearing the Landlords Hat

After launching our new tenant recovery service earlier this year, we have already secured over £500,000 of additional revenue for our client group.  The majority of this relates to identifying opportunities where a client had ceased trading and underlet stores.  Whilst the rent had been correctly handled, the service charge had not been recharged.  Following…

Assure – Property Data Specialists

Our team comprises, software developers, financial analysts, lease reviewers and database managers.  As a result we are increasingly being asked to assist in broader data management & lease administration projects.  Our specilialists, that operate in conjunction with our consulting teams, provide us with a unique point of difference .  It means we provide the very…

Saving of the Month – Landlord

We have recently received an invoice for over £25,000 marked up as Insurance.  In reality only half of it was the premium required to cover the building.  We had to work hard to get to the bottom of that! Commissions were identified and excluded, that took out almost £7,000 (shared with the Landlord) and then…