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 »
We recently completed a benchmarking exercise as part of our Spotlight on Distribution Centres. This provided details on comparatives rates in £spf for service charge and insurance…
Returning to Distribution Centre Service Charges 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 »
With the growth in the sector, we felt it was time to shine the Spotlight on Distribution Centres and update our work on service charge and insurance rates payable by occupiers of warehouses and distribution centres.Our research covered 132 locations across the UK. The findings allow us to benchmark costs and then quantify the significant scope for potential savings…
Spotlight on Distribution Centres – Service Charge & Insurance Read More »
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…
Landlords Insurance Recharges are rising – what can be done? Read More »
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…
Retail/Leisure Service Charges – Is there an alternative? Read More »
