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…

Spring 2018 – New Enquiries & New

Our new enquiries peak at this time of the year and 2018 is proving no different. There’s a lot going on in the field of cost reduction! We don’t have a new business development team.  Instead, our approach is focussed on looking after our exisiting clients first, developing and extending our range of services to…

Assure to Conquer the 3 Peaks

A Team comprising Lee Mason, Adrian Mullan, Terah Blake-Smith, Miranda Toben, Tina Ashpole, Ruth Brackley and Harrison Gray is taking part in The National Three Peaks Challenge on the 28th & 29th June 2018. The challenge involves climbing the three highest peaks of Scotland, England and Wales (Ben Nevis, Scafell Pike & Snowden) within 24 hours. The…

Save the Date

Assure Seminar – 13 June 2018 • LONDON. With a new version of the RICS Code being issued, we will be taking an Occupiers Perspective on the changes. Then we’ll move on to examining the RICS Cost Code Categories & the Assure Index – sharing our research findings… and far more besides. As ever, it’s…

PROBABLY THE BEST TENANT RECOVERY

We have an offer that is open to all occupiers seeking to improve the management and recovery of service charges and other lease expenses from their tenanted and sub-tenanted estate.  Instruct Assure to perform the service and we guarantee that additional recoveries will more than offset the cost of the exercise.  Furthermore, you will not…

Service Charges apportioned by Rateable Value

… make sure you are tracking the changes. Where Service Charges are apportioned by Rateable Value, your service charge apportionment will change effective from 1 April 2017.  It could go up, down or stay the same (where the change is not brought into effect).  As a business, we keep a live tracker on our clients…

A client asks me why Service Charges are

It’s an awkward question because it’s our job to keep a lid on the costs!  Fortunately, they understand that whilst we do a great job, we can’t turn the market around overnight.  This challenge got me thinking, why?  This is what came to mind: Managing Agent Fees – many are still based on 10% and…