We are pleased to announce recent promotions which include one new Director and four being promoted to Senior Lease Expense Advisor. The appointments reflect our commitment to our strategy of developing our range of occupier focused services, as well as recognising and nurturing talent from within the business…
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…
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…
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…
