Tenant recovery

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Guide to Service Charge Management Terminology

To the uninitiated, the world of Service Charge Management might seem a bit bewildering, as well as all the numbers involved, there’s a whole new language to learn! Here’s the Assure guide to some of the common Service Charge Management terminology you might come across when looking at your service charge liability…

Assure Achieves Over £91,000 in Savings for Office Occupier

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..

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