service charge expenditure

Major Works Challenge: How Understanding Lease Obligations Led to a £24,000 Saving

Imagine receiving an unexpected bill for major works totalling £45,000. That’s exactly what happened to one of our new clients – a multinational food and beverage retailer occupying a high street property.

Major Works Challenge: How Understanding Lease Obligations Led to a £24,000 Saving Read More »

What’s Hiding in Your Service Charge? A Closer Look at Management Costs and Fees

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 »

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