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10 office lease renewal tips for occupiers

Lease renewal tips for occupiers Start the process 18 months prior to your lease expiry. Get professional advice from a surveyor and a solicitor that specialise in leasehold negotiation before you go any further. Read, understand and ensure you (or your surveyor) comply with the RICS code for leasing business premises 2019 (Link) Establish [...]

By |2019-12-05T08:01:23+00:00December 2nd, 2019|Uncategorised|0 Comments

New code for leasing business and commercial premises

The new code for leasing business and commercial premises  RICS professional statement - New code for leasing business premises in England and Wales, 1st edition is currently in a draft format and is due to be released this year . The objective is to improve the quality and fairness of initial negotiations on lease [...]

By |2019-12-05T08:28:55+00:00November 27th, 2019|Uncategorised|Comments Off on New code for leasing business and commercial premises

Service Charges Commercial Property – Quarter day

Service Charges Commercial Property Managing agent's are not always right when they invoice commercial property service charges. The following are a list of simple errors that this firm has identified and corrected on behalf of occupier clients. Charging a tenant ABOVE  the capped amount specified in the lease. Invoicing for costs that relate to well [...]

Lease consultancy – Helping occupiers

Helping occupiers with Lease Consultancy My background was managing commercial property on behalf of landlords. Properties that I managed on behalf of clients were varied. These included shopping centres, High street town centre retail schemes, out of town retail, shopping parks, office buildings and industrial estates. My time was stretched and I never really [...]

Opinion: Hays Travel buys Thomas Cook stores

Hays Travel buys Thomas Cook John Hays is clearly a very bright man with a degree in Mathematics from Oxford and an MBA . It seems that Hays are also decent people and my opinion is that there has been a lot of  "thinking with the heart" as well as the head when coming to [...]

By |2019-12-02T15:18:03+00:00October 9th, 2019|Acquisitions|Comments Off on Opinion: Hays Travel buys Thomas Cook stores

Commercial Property For Rent – 10 Key points

Are you looking for commercial property for rent? Here are 10 points to remember when considering taking a lease. Leasing agents act on behalf of Landlords. Find out all costs before making an offer. Initial costs, running costs and exit costs. Try and mitigate all costs in lease negotiations. Research the local market. Have more than one [...]

By |2019-12-02T15:22:22+00:00September 10th, 2019|Acquisitions, Bath office rent review, Bath Offices for Lease, bristol, business lease|Comments Off on Commercial Property For Rent – 10 Key points

RICS Service charges in commercial property (2019 RICS Service Charge Code)

RICS Service charges in commercial property 1st edition- RICS Service charge code The RICS Service charges in commercial property 1st edition supersedes all three previous rics service charge codes which were published as guidance notes. This new document has the status of a Professional Statement. RICS members and firms regulated by the RICS must comply with professional [...]

By |2019-12-02T15:31:27+00:00September 9th, 2019|office service charges, Service Charges, shopping centre service charges|Comments Off on RICS Service charges in commercial property (2019 RICS Service Charge Code)

Service Charge Disputes – can you afford to ignore them?

Service charge disputes – can you afford to ignore them? An unresolved dispute, no matter how minor, has the potential to seriously affect the operation and reputation of a Landlord. It may delay or affect the ability to sell the property, as it cannot be truly “ready for sale” if service charge disputes exist, or [...]

By |2019-12-02T15:26:58+00:00December 1st, 2018|business lease, commercial property service charges, Disputes, office service charges, service charge audit, Service Charges, shopping centre service charges|Comments Off on Service Charge Disputes – can you afford to ignore them?

Office Service Charge New RICS Code 2018

Office Service Charge - Commercial Property In light of the new RICS code here are just 5 things that landlords and managing agents of offices need to ensure: 1) A service charge apportionment matrix is provided. 2) Budgets and reconciliations with appropriate explanatory notes are provided annually. 3) All expenditure sought to be recovered [...]

By |2019-12-02T15:28:57+00:00November 30th, 2018|commercial property service charges, Disputes, office service charges, service charge audit, Service Charges|Comments Off on Office Service Charge New RICS Code 2018

Service Charge Code – How to check the percentage

 Service Charge Code - How to check the percentage New 1st Edition Service Charge Code (external link here) 10 things a business occupier can do to check whether their service charge percentage is correct. Check: All lettable areas are included in the apportionment matrix. Income generating activities contribute a fair share. Floor areas are correct. The [...]

By |2019-12-02T13:49:14+00:00July 6th, 2018|Service Charges|Comments Off on Service Charge Code – How to check the percentage

Alternative Dispute Resolution – Mediation of property dispute

Alternative Dispute Resolution - Mediation Mediation is  a voluntary, non-binding  private method of dispute resolution. It is a process where a neutral person helps the parties reach a negotiated settlement. Alternative dispute resolution mediation service - Property dispute Civil Procedure Rules place a duty on the court, party representatives and the parties themselves to [...]

By |2018-05-18T11:00:38+01:00May 18th, 2018|Uncategorised|1 Comment

Service Charges in Commercial Property, 4th edition – RICS 16th May 2018

What will be different about the New code? Service Charges in Commercial Property, 4th edition - RICS will be a Professional Statement. RICS members must comply with professional statements in order to remain professionally competent. When an allegation of  negligence is made against a surveyor, the court is likely to take into account any [...]

By |2019-02-01T21:32:34+00:00May 16th, 2018|Uncategorised|Comments Off on Service Charges in Commercial Property, 4th edition – RICS 16th May 2018

Looking for Bath Offices ?

Are you looking for Bath offices and struggling to find the right space to lease? This is probably because you are relying on internet searches and calls/emails to local Bath leasing agents. As leasing advisors we: Know about Bath offices that are yet to come to the market. Advise you on potential pitfalls/benefits of each office [...]

By |2018-04-15T11:56:40+01:00April 15th, 2018|Bath Offices for Lease|Comments Off on Looking for Bath Offices ?

Commercial Service Charges – Mistakes – London Restaurants

Commercial Service Charges - London Restaurants. This firm gets a lot of business in London from cafe and restaurant clients occupying multi tenanted buildings that feel that there are being overcharged on their retail shop for commercial service charges. Frequently they are correct..but why? The most common mistake in my experience is that Landlords haven't split [...]

By |2018-03-12T13:47:55+00:00March 11th, 2018|business lease, Disputes, Service Charges|Comments Off on Commercial Service Charges – Mistakes – London Restaurants

Commercial Property Service Charges – New MScorecard

Commercial Property Service Charges - MScorecard We have developed the "MScorecard"  for ranking and scoring commercial property service charges operated at major shopping centres across the UK. The idea came about when working on a portfolio of stores for one of my retail clients. It ranks centres with each applicable property getting a score out of [...]

By |2018-03-12T13:57:30+00:00March 4th, 2018|commercial property service charges, Disputes, office service charges, service charge audit, Service Charges, shopping centre service charges|Comments Off on Commercial Property Service Charges – New MScorecard

Service Charge Code – 4th edition – RICS

Service Charge Code, 4th edition - RICS The consultation period for making comments on the Service Charge Code 4th Edition has passed. The working  group made up of representatives from all the leading industry bodies has met to consider all the responses received by the RICS and agree the changes that need to be made with [...]

By |2018-02-23T16:42:17+00:00February 20th, 2018|business lease, commercial property service charges, office service charges, service charge audit, Service Charges, shopping centre service charges|Comments Off on Service Charge Code – 4th edition – RICS

Start up Business – Office Lease

Start up business taking an office lease. This firm recently advised a small start up business, a tech company, located in cool tenant friendly incubator serviced offices. We were instructed following advice of their law firm who suggested we assist them as they were thinking about moving out of their serviced offices and taking a new lease [...]

By |2018-01-19T13:15:11+00:00January 19th, 2018|Acquisitions, bristol, business lease, office service charges, Service Charges|Comments Off on Start up Business – Office Lease

New 4th Edition – RICS Code – Service Charges in Commercial Property

 Service Charges in Commercial Property - 2018 The current document which has the status of a Guidance Note was released by the RICS on the 4th February 2014. A new updated version is, I am reliably informed, in the pipeline. This firm looks forward to seeing the consultation document for the  Service Charges in Commercial [...]

By |2018-03-12T14:06:26+00:00December 19th, 2017|business lease, Service Charges|Comments Off on New 4th Edition – RICS Code – Service Charges in Commercial Property

High value office deals

High Value Office deals McNeil Commercial have successfully represented a large number of occupiers in high value office deals over the last few years. Why do law firms, professional firms and technology companies use us to represent them? Here are the top 5 reasons our research has found. High powered businesses take professional commercial property advice. Time [...]

By |2018-02-24T15:49:01+00:00December 11th, 2017|Acquisitions, business lease, Governments, International|Comments Off on High value office deals

Service Charge Review – Expert Certificate

This firm is now able to offer an Expert Service Charge Review to Landlords and Managing agents. Below are some frequently asked questions and answers: Q. We have our service charge audited by an accountant do I need this Expert Certificate as well? A. An accountants audit doesn’t look at all of the aspects [...]

By |2019-02-01T21:34:13+00:00December 10th, 2017|Service Charges|Comments Off on Service Charge Review – Expert Certificate

Can’t find a Bristol office due to lack of availability?

What does lack of office availability mean for a businesses trying to find a Bristol Office? You may have seen reports from the large national corporate property consultancy firms saying office availability in Bristol is running out or in short supply as we enter the 3rd quarter of 2017. This firm is currently acting for [...]

By |2018-03-12T14:15:08+00:00October 23rd, 2017|Acquisitions, bristol, business lease|Comments Off on Can’t find a Bristol office due to lack of availability?

Top Tips from Bath Commercial Property Agents

Bath Commercial Property. Thinking about opening a shop or office in Bath? Bath commercial property agents have letting boards in the window and act for the landlord to get the best deal possible for their client. So you need to be prepared: Abbey Church Yard in Beautiful Georgian Bath Include all costs in [...]

By |2018-10-02T14:06:24+01:00October 2nd, 2017|Acquisitions, business lease|Comments Off on Top Tips from Bath Commercial Property Agents

Commercial Service Charge Accounts – Business Tenants – Should you pay?

Business tenants and commercial service charge accounts The most frequent question I am asked by new clients when I first take on a service charge instruction is “Should I pay this invoice or withhold payment of it?” Business tenants are often faced with this dilemma for the first time when the commercial service charge on [...]

By |2017-09-21T12:47:53+01:00September 21st, 2017|business lease, Disputes, Financial, Service Charges|Comments Off on Commercial Service Charge Accounts – Business Tenants – Should you pay?

Commercial Property Consultants – Property search and lease negotiation

Should you use a firm of commercial property consultants to help you in your property search and lease negotiation? Imagine as a director of a company (finance director, managing director or other)  you have been tasked with searching for and negotiating terms on a new office. You have to find the right office negotiate a commercial deal [...]

By |2017-12-14T14:44:16+00:00September 20th, 2017|Acquisitions|Comments Off on Commercial Property Consultants – Property search and lease negotiation

Property Management – Ready to Let?

Property Management Basics: Commercial Property Management - Is your space ready to let? To have the best chance of leasing your clients vacant commercial property it is important to get the basics right. At a minimum prospective tenants require the following : Copy of the EPC, periodic electrical test reports, asbestos report/management plan, legionella/water testing. [...]

By |2018-10-02T14:30:59+01:00June 29th, 2017|Acquisitions, Bath Offices for Lease, bristol, business lease|Comments Off on Property Management – Ready to Let?

Property Arbitration – Can it resolve my dispute?

What is Property Arbitration? Property Arbitration is a non-judicial process for resolving property disputes. The arbitrator is an independent third party often chosen for their expertise. The arbitrators role is similar to that of a judge. The arbitrator makes a makes a decision that is final and legally binding. Arbitration is favoured by many because it [...]

By |2017-06-27T18:41:01+01:00June 27th, 2017|Disputes, Service Charges|Comments Off on Property Arbitration – Can it resolve my dispute?