retail park

Service Charge Review Leads to £35,000+ Savings for Retail Park Tenants

audits, budget, commercial property, energy costs, retail, service charge, service charge liability, Service Charge Management Costs, tenants / By

As part of our onboarding process, we work with new clients to quickly identify any pressing issues across their portfolios. One national retailer highlighted a retail park in Derbyshire where there were unusually high service charge costs. We challenged the budgeted costs and following negotiations with the Landlord, our team secured savings of over £35,000…

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Retail/Leisure Service Charges – Is there an alternative?

audits, budget, commercial property, Distribution Centres, Insurance, Landlords Insurance Recharges, leisure, News, retail, service charge, service charge caps, service charge liability, shopping centre, tenants, Warehouses, works / By

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…

Retail/Leisure Service Charges – Is there an alternative? Read More »

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