When reviewing service charge costs, we must always remember that the lease terms are what decides how the liability is calculated. This is especially true when it comes to how costs are shared between occupiers…
When Details Count: How a Lease Clause Saved Our Client Thousands Read More »
If you pay service charge at a property then you are likely to know that it includes a management fee, and you feel this is reasonable, right? A managing agent, or a Landlord if they directly manage, should be entitled to receive a fee to cover the resources they utilise to manage the service charge. However, what does managing the service charge actually entail, and are you fully aware of all of the fees you are paying?
What’s Hiding in Your Service Charge? A Closer Look at Management Costs and Fees Read More »
This month has been dubbed ‘Awful April’ because a raft of everyday household bills are increasing. This is also true for commercial occupiers. We recently tackled a critical issue of utility double charging for a supermarket client. Our team identified that the managing agent was recharging demised electricity through both the service charge budget and as a direct charge…
Eliminating Double Charging for Significant Savings Read More »
Discover how the Assure Index helped us reduce a shopping centre service charge budget by £283,000. By pinpointing areas where the budget exceeded the average, we took prompt action to rectify these variances, resulting in significant cost savings for our clients.
Efficiency Unleashed: How Assure Index Supports Shopping Centre Budget Reduction Read More »
