Service Charge Consultancy 

 As leases become shorter, landlords are finding it harder to recover the full costs of replacement of plant and machinery and often seek to share these costs with the tenants. When drafting new leases tenants are advised to either seek a cap on their annual service charges or to have the replacement of identified plant and machinery in the lease excluded from their liability, leaving the landlord to bear these costs. We can advise landlords on how to maximise their service charge recovery and minimise their own liability.  

 For tenants, unless the service charge is capped, these costs become unpredictable expenditure for any business. Whilst rent and business rates are fixed from year to year, landlords can dramatically unilaterally increase their service charge budget causing havoc to tenants' budgets and profitability. We can assist tenants by checking each service charge invoice against budget to approve sums and challenge those that should not be paid.

For more information on our service charge consultancy services call 020 7246 5000 or click here for individual contact information.