On behalf of a large supermarket chain client we recently reviewed an apportionment issue that arose due to a change of managing agent.
This store was located on a Shopping Park that used a Weighted Floor Area (WFA) apportionment method – the larger the store, the greater the discount to the service charge…
Apportionment Issue Resolved After Change of Managing Agent Read More »
In the first 3 months of 2022, Assure have recovered £6M of service charge costs for our clients. We categorise all savings that we achieve by type and thought we would highlight a few types that we commonly see…
Assure Saves £6M in Service Charge Costs Q1 2022 Read More »
To the uninitiated, the world of Service Charge Management might seem a bit bewildering, as well as all the numbers involved, there’s a whole new language to learn! Here’s the Assure guide to some of the common Service Charge Management terminology you might come across when looking at your service charge liability…
Guide to Service Charge Management Terminology Read More »
Assure may have the very best lease audit and administration teams in place. But if the terms are poor, there is only so much that we can do, here are our 8 Tips for Property Cost Control…
8 Tips for Property Cost Control Read More »
Our supermarket client occupies a large distribution centre under a single lease beginning in 1996.
The insurance premium increased to £359,000 following a 38% uplift in the Buildings Declared Value.
Our insurance team requested a copy of the Reinstatement Cost Assessment for further investigation…
Assure intervention secures £130,000 reduction in insurance premium Read More »
First things first, when we are referring to an Audit, we mean a Certified or Chartered Accountants Audit. Their role is designed to protect the payers of the service charge, the Tenants. They should verify and certify expenditure by completing a full review and appropriate checks, providing the Tenant’s with the assurance that things have been handled properly…
Why have Service Charge Expenditure Audited – Is There a Better Way? Read More »
