Robertsons received instructions to provide professional advices to the Landlord in respect of various leases of office premises at North London, in respect of a previous managing agent’s dealings with the leases and specifically the Service Charge provisions.
Introductions to the tenants, inspection of office suites and measurement of the premises. Review of the condition of premises, common and parking areas to establish any wants of repair, maintenance and decoration. Consideration of management of common facilities, cleaning, lighting, allocation of utilities, refuse collection, landscaping, etc.
Perusal of all lease documents, tenant’s covenants and service charge provisions. Collation of all relevant information including service charge budgets, projections, expenditures, service charge monies demanded and received over the previous seven years.
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Meetings with Landlord to appraise and report on previous serious errors and mismanagement of the service charge. Advice on the Landlord’s rights under the terms of the lease, service charge covenants and RICS Code of Practice for service charges.
Production of service accounts for the preceding seven years, preparation of heads of expenditure, procurement of costings for services and expenditures, apportionment of service charges in accordance with the various leases and invoicing to tenants.
Subsequent meetings with Tenants in London, thereafter reporting to Landlord, ultimately for the Client to manage the service charge in house.