A ‘New Normal’ Re-Basing Service

Tenants believe service charges should be lower, Landlords say they are at the right level to service the building……and so the debate goes on! How do we address that ‘conflict’ as we emerge from this painful period when many things will need to be re-assessed or re-based? Residential service charges are governed by statue with…

The Landlord has gone bust. What does this

Given all the current circumstances, sadly, this is a clear risk & a number have asked for our thoughts.  This is a record of our practical experience in dealing with the issue over the past 30 years – it’s not a legal summary but what we have directly experienced. Here’s a short Q&A addressing some of the key…

Assure Index 2020 – Retail/Shopping Parks

The Assure Index is designed to represent the most up to date record of service charge expenditure across the UK commercial property market. It tracks annual growth rates and provides benchmark statistics for comparative analysis. This provides a platform from which we can work with all stakeholders to secure the best value for money from…

Assure Index 2020 – Shopping Centres

The Assure Index is designed to represent the most up to date record of service charge expenditure across the UK commercial property market. It tracks annual growth rates and provides benchmark statistics for comparative analysis. This provides a platform from which we can work with all stakeholders to secure the best value for money from…

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…