Landlords Insurance Recharges are rising

Landlords Insurance Recharges are rising –

From our internal research, based on renewals that have taken place over the past three months, landlords insurance recharges are rising. We are seeing average increases of 13.5% feeding through at renewal.  This is a combination of rising declared values (4%) and escalating premium rates (9.5%).  In many cases the increases are far greater, with…

Assure Consulting Webinar

Save the Date! – Assure Consulting

Over the past 10 years, we have established ourselves as the leading independent provider of service charge and insurance advice to occupiers. Through our research and the Assure Index, we have promoted an evidence-based approach to the audit and management of all lease expenses. Many of our key findings have been presented at our annual…

Is there an alternative?

Retail/Leisure Service Charges – Is

Historically, tenants signed up to a service charge liability with no clear idea on what that might be and how it was likely to change over time. Meanwhile, Landlords had a clear rental income stream and Tenants suffered due to fluctuating service charge bills. Is there an alternative? According to our research, Tenants are begining to protect their position to a…

Retail/Leisure Service Charge Budgets in 2022

For us to understand what will happen to Service Charge budgets in 2022, we need to look back. In 2021 service charge budgets reduced by 9% for Shopping Centres and 4% for Retail/Leisure Parks.  This was mainly due to the withdrawal of major works and reduced marketing throughout the lockdown periods.  There was relatively little…

flexsa conference 2021

FlexSA Conference

Assure Consulting attended the FlexSA (Flexible Space Association) Conference and Exhibition in London on 7 September, notable figures within the flexible space industry presented on key topics of interest to the industry. Some providers within the flexible space sector have been significantly impacted by the pandemic, in particular the government’s directive to work from home.…

Service Charge Caps

Tenants may negotiate to limit their liability by means of a Service Charge Cap, which is a clause stating that in any one year the tenant’s obligation to pay the Service Charge shall not exceed an agreed figure … and look at what has happened since April 2020. We have completed a review of 7000…

Management Costs Offset Savings

A retail park service charge budget arrived recently and there was a 3.3% reduction, being broadly in line with the market and probably accepted by many.  However, on closer examination, there was a significant reduction in security costs that should have led to an 11% reduction.  This reduction had been offset by an increase in…

Electricity

Most occupiers of commercial multi-let buildings will be paying for electricity via two routes. However, do you know what you are paying and whether this represents good value for money? The electricity cost that may be more ‘visible’ to you will be what you use within your own space. This will be electricity consumed by…

Double or Triple Charging for Exceptional

With deferral & subsequent carrying forward of postponed works coupled with delays in certifying service charge there are instances where service charges levied on-account can effectively mean charges for the same work on numerous occasions until reconciled. Service charge budgets and reconciled accounts are not being issued in line with the timescales set out in…