Imagine receiving an unexpected bill for major works totalling £45,000. That’s exactly what happened to one of our new clients – a multinational food and beverage retailer occupying a high street property.
Major Works Challenge: How Understanding Lease Obligations Led to a £24,000 Saving Read More »
If you pay service charge at a property then you are likely to know that it includes a management fee, and you feel this is reasonable, right? A managing agent, or a Landlord if they directly manage, should be entitled to receive a fee to cover the resources they utilise to manage the service charge. However, what does managing the service charge actually entail, and are you fully aware of all of the fees you are paying?
What’s Hiding in Your Service Charge? A Closer Look at Management Costs and Fees Read More »
We all know that there is a problem and sadly the solution put forward by managing agents has too often been to increase security officer numbers without any meaningful attempts to encourage them to intervene and help tackle the problems. We have had many of our clients express their concerns at this wasteful and ineffective approach. It’s not always like that …
Abuse, Assault and Theft – An Effective Service Charge Increase Read More »
When clients are dealing with lease renewals or negotiations, we are often asked to provide advice to assist in navigating service charge complexities and avoid potential pitfalls. We recently supported a client with valuable pre-contract advice as they prepared to renew the lease on their store in a regional shopping centre.
Navigating Service Charge Complexities: How We Help Protect Our Clients Read More »
As part of our onboarding process, we work with new clients to quickly identify any pressing issues across their portfolios. One national retailer highlighted a retail park in Derbyshire where there were unusually high service charge costs. We challenged the budgeted costs and following negotiations with the Landlord, our team secured savings of over £35,000…
Service Charge Review Leads to £35,000+ Savings for Retail Park Tenants Read More »
As the world becomes more connected, our buildings are getting smarter too. Smart buildings use cutting-edge technology to create more efficient, comfortable, and sustainable environments – especially in the workplace. However, this innovation comes at a cost, that some Landlords’ may seek to recover via the service charge…
Smarter Workspaces, Higher Costs? Navigating Service Charges in Modern Buildings Read More »
