Property Solution Newsletter

Andrew Morley
Director

Welcome to the second Property Solutions' (PSL) online newsletter. We had a good response to the last one and once again try to give you an overview of the state of the industry in relation to service charges.

This edition includes news of PSL's Project Management service for clients requiring refurbishment, alteration and fitting out support.

We have the latest on this year's impending Loughborough Report Update. John Calvert from Loughborough is currently compiling his findings which are due out by the end of the year.

He has recently also had a letter published in Estates Gazette where he raises issues and questions relating to office OSCAR, JLL's long standing annual report on service charges: "When is JLL going to advise on actual not adjusted costs? As costs that tenants actually have to pay are excluded, OSCAR cannot be used to benchmark service charges."

Our very own Portfolio Services manager Richard Bacon also gets a mention, he will be taking two weeks' holiday in January to go to Cambodia to provide new housing in a very disadvantaged area. We're not sure what the service charge implications will be for the buildings he's going to be involved with but read more about his trip...


Read John Calvert's thought provoking letter in response to JLL's Oscar reports, click here All of our news is displayed on the website. To have a look at the news section click here

Allied with their service charge consultancy skills, Property Solutions also offers extensive experience and expertise in Project Management. To read the full article, click here

It's not often we're moved by a colleague's holiday plans apart from being green with envy, but PSL's Portfolio Services manager, Richard Bacon has plans worthy of a mention. To read the full article, click here

The 2007 Loughborough Report, due out in November, will raise 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 raises 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 the industry seems to be ignoring the 2006 RICS Code of Practice...
For more information click here

Building description:

25,000 square feet with four floors.

Overview:

Property Solutions undertook a service charge audit for a client about to renew their lease for a 15 year period. The audit was important to ensure that the service charge level was fair and in compliance with the lease.

To read the full case study, click here

If you have any feedback please click here

2510 The Quadrant, Aztec West, Almondsbury, Bristol BS32 4TW Tel: 01454 332211 Fax: 01454 332222
info@property-solutions.co.uk

SERVICE CHARGE CONSULTANCY • PORTFOLIO SERVICES • BUILDING CONSULTANCY • BUILDING TECHNICAL SERVICES

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