budget

Assure Achieves Over £91,000 in Savings for Office Occupier

audits, budget, commercial property, flexible office space, managed offices, News, service charge, service charge liability, tenants, works / By

Our client occupies 49,000 sqft in a recently redeveloped office building of 69,000 sqft under a single lease beginning in 2017 for a term of twenty years.

The reconciled accounts for the service charge year ending 31 March 2019 were received, accompanied by a balancing demand of £368,000. Our client had received no prior notification from the managing agent regarding the size of the balancing demand..

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Webinar

Webinar: LG Energy Group & Assure Consulting

audits, budget, commercial property, Distribution Centres, energy costs, flexible office space, leisure, managed offices, News, retail, service charge, service charge caps, service charge liability, Serviced Offices, shopping centre, webinar / By

Assure Consulting will be presenting at a Webinar hosted by LG Energy Group, a market leader in energy risk management and procurement. A series of short sessions to be presented by Tim Parkin, Director Building and Consultancy, and Christopher Isa Cole, Director of Innovation & Development…

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The Return of Major Works Expenditure

audits, budget, commercial property, flexible office space, leisure, News, retail, service charge, service charge caps, service charge liability, Serviced Offices, shopping centre, tenants, works / By

Following an enforced hiatus during the pandemic, expenditure on major works maybe set to return to ‘normal’ or even higher levels in the coming years. The underlying day to day costs of soft/hard services look to be remaining broadly flat or with minimal increases in 2022YE…

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Approved Service Provider Member of the Flexible Space Association

audits, budget, commercial property, flexible office space, Insurance, Landlords Insurance Recharges, managed offices, News, service charge, service charge caps, service charge liability, Serviced Offices, tenants / By

Assure Consulting is now an Approved Service Provider Member of the Flexible Space Association, the professional trade association for serviced and managed office providers. We have an extensive track record in the commercial office sector, including several Flexible Space Association members. We advise occupiers on all aspects of lease expenditure, with particular expertise in service charges and insurance…

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Office Service Charge Budgets in 2022

budget, commercial property, flexible office space, News, service charge, service charge liability, Serviced Offices, tenants, works / By

For us to understand what will happen to Office Service Charge budgets in 2022, we need to look back. In 2021, the approach taken by office sector landlords to budgeting has been mixed. Whilst the majority presented reduced budgets, compared to 2020, many adopted a ‘business as usual’ approach, issuing increased budgets that have included substantial major works in some cases…

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Landlords Insurance Recharges are rising – what can be done?

audits, budget, commercial property, Distribution Centres, Insurance, Landlords Insurance Recharges, leisure, managed offices, News, retail, service charge, service charge caps, service charge liability, Serviced Offices, shopping centre, tenants, Warehouses / By

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 Landlords extending their cover as well as taking a more active role in the identification of risks…

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