Assure Saves £8.5M in Service Charge Costs Q2 2022
The Assure team have recovered £8.5M of service charge costs for our clients in the second quarter of the year, keeping us on track to achieve our target of £35m for the year…
property costs
Exploring Service Charges Outside of the UK
So far this year our International Team has saved over £2.7M in service charge costs from projects in Germany, Spain, France, Poland, Norway, the Netherlands, Belgium, Ireland, Czech, Italy, Australia, and the US, with further savings on the way…
Assure Saves £6M in Service Charge Costs Q1 2022
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…
Why have Service Charge Expenditure Audited – Is There a Better Way?
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…
Retail/Leisure Service Charges – Is there an alternative?
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…