Service Charge – Cost Savings and Refunds
Latest Refunds and Savings With cost saving and refunds high on the agenda, I thought we would share some of the issues that we have dealt with this week……. Double payment of insurance …
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Double or Triple Charging for Exceptional Works!
DOUBLE OR TRIPLE CHARGING FOR EXCEPTIONAL WORKS! With deferral & subsequent carrying forward of postponed works coupled with delays in certifying service charge there are instances where service charges levied on-account can effectively …
Double or Triple Charging for Exceptional Works! Read More »
Electricity
Most occupiers of commercial multi-let buildings will be paying for electricity via two routes. However, do you know what you are paying and whether this represents good value for money?…
Management Costs Offset Savings
A retail park service charge budget arrived recently and there was a 3.3% reduction, being broadly in line with the market and probably accepted by many. However, on closer examination, there was a significant reduction in security costs that should have led to an 11% reduction.
This reduction had been offset by an increase in management costs through the employment of an Estate Manager to manage various services, with that cost spread across numerous service lines..