commerical lease

Why have Service Charge Expenditure Audited – Is There a Better Way?

Leave a Comment / audits, budget, commercial property, service charge, service charge liability, Serviced Offices, shopping centre, tenants / By Secret Source

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…

Office Service Charge Budgets in 2022

budget, commercial property, flexible office space, News, service charge, service charge liability, Serviced Offices, tenants, works / By Secret Source

For us to understand what will happen to Office Service Charge budgets in 2022, we need to look back. In 2021, the approach taken by office sector landlords to budgeting has been mixed. Whilst the majority presented reduced budgets, compared to 2020, many adopted a ‘business as usual’ approach, issuing increased budgets that have included substantial major works in some cases…