service charge caps

The Return of Major Works Expenditure

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

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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Landlords Insurance Recharges are rising – what can be done?

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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Retail/Leisure Service Charges – Is there an alternative?

According to our research, Tenants are begining to protect their position to a far greater extent, with many more service charge caps and all-inclusive rents. If this trend continues, it is Landlords that will suffer the fluctuations. In turn, this directly impacts the net rent (after deducting service charge shortfalls) that they are able to secure across the let parts of their scheme…

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FlexSA Conference

Assure Consulting attended the FlexSA (Flexible Space Association) Conference and Exhibition in London on 7 September, notable figures within the flexible space industry presented on key topics of interest to the sector.

Some providers within the flexible space sector have been significantly impacted by the pandemic, in particular the government’s directive to work from home. However, there is now a mood of optimism and excitement within the industry…

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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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