Assure Consulting Welcomes Tim Parkin

Assure Consulting is delighted to announce Tim Parkin joins as Director – Building and Consultancy. Tim has over thirty years’ invaluable experience as a building surveyor, working for a variety of public sector and private consultancy organisations. Over this time, he gained wide-ranging experience in project design, specification and supervision, building pathology and defects diagnosis, condition…

Shopping Centre Service Charges – UK

With the retail sector facing a series of challenges, costs associated with occupational leases are becoming increasingly significant for both Landlord and Tenant. Whilst rents are being renegotiated to reflect the challenges, service charges have continued to increase ahead of the rate of inflation. We felt it was time to take a step back and…

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…