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 »
As part of our initial portfolio review for an office occupier, we identified that the agent was over-budgeting, year after year and yet balancing credits were not issued. Instead, significant sums were being retained for unspecified future projects…
Recovering Excessive Reserves at Lease Expiry Read More »
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…
Office Service Charge Budgets in 2022 Read More »
For us to understand what will happen to Service Charge budgets in 2022, we need to look back. In 2021 service charge budgets reduced by 9% for Shopping Centres and 4% for Retail/Leisure Parks. This was mainly due to the withdrawal of major works and reduced marketing throughout the lockdown periods. There was relatively little in the way of reduced manpower costs, despite Furlough, so that’s one to look out for as we await the final reconciled service charge accounts…
Retail/Leisure Service Charge Budgets in 2022 Read More »
