Shortly after our client agreed a lease renewal in 2020, it became clear that the Managing Agent was not calculating the cap in accordance with the new lease terms…
Take care re-setting your service charge caps at renewal – Assure saves over £100,000! Read More »
Here we shine the spotlight on one of our experts, Derek Worthington. He is well known within the industry, it makes for an interesting read…
Employee Spotlight: Derek Worthington Read More »
Across our diverse client base, on average, 1 in 6 leases benefit from a service charge cap & some of our clients are now getting caps on more than 50% of their new sites/renewals. Most of those caps are based on a figure specified at term commencement and increased annually by reference to RPI.
Service Charge Caps: Emerging Trends Read More »
Remedial work can be beneficial to both the Landlord and the occupier of a building. If your Landlord is looking to carry out works, it’s important to understand the reason behind their proposal, and investigate if you are liable to contribute to these costs. Things may not always be as they appear to be…
Landlord enhancing building to increase asset value prior to sale Read More »
Assure were instructed on a new Service Charge management contract for a multi-site retailer, who had previously been managed by another consultancy. We always kick start new instructions with a thorough review of the lease, financials and an account reconciliation. A fresh pair of eyes will often identify new issues or new ways of resolving old disputes…
New Positive Approach Resolves Old Dispute Resulting in Initial Saving of £40,000 Read More »
Our client occupies 49,000 sqft in a recently redeveloped office building of 69,000 sqft under a single lease beginning in 2017 for a term of twenty years.
The reconciled accounts for the service charge year ending 31 March 2019 were received, accompanied by a balancing demand of £368,000. Our client had received no prior notification from the managing agent regarding the size of the balancing demand..
Assure Achieves Over £91,000 in Savings for Office Occupier Read More »
