The 2007 Loughborough Report, raises tenants' concerns yet again due to further increases in service charge costs and new analysis of the negative effects of landlords opting to register their buildings for VAT which increases costs for most financial industry tenants who cannot reclaim VAT.
Author of the report Dr. John R. Calvert of Loughborough University Business School is also disappointed that to date there is little evidence of changing management practice to ensure compliance with the 2006 RICS Code of Practice which was intended to improve relations between landlord and tenant by raising management standards.
Loughborough University Business School has been working with Property Solutions over the summer months to collect and analyse the latest service charge data which now covers a span of 10 years on 386* buildings for the publication of the 2007 Loughborough Report.
The update report also includes new data on the estimation of the size and value of the service charge industry as well as commentary and findings on growth projections.
To receive a printed copy please email: reception@property-solutions.co.uk.
To view past Loughborough Research Updates go to: http://www.property-solutions.co.uk/loughborough.htm
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