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Rent Reviews

Could you be paying too much as a Tenant or not recovering appropriate Rents from your Tenants?

Questions to ask yourself :-

If you cannot answer either of these important questions positively, you could be either be paying your Landlord too much rent or not recovering appropriate levels of rent from your Tenants.

A fundamental requirement in effective Review management is the implementation of a robust system with automatic reminders of key dates, underpinned by up to date documentation.  

We are well placed to manage this process for you, providing all of the required information for you to instruct your Surveyors.

Keeping track of multiple occupancies across your estate is challenging.  With a dynamic range of occupancies and types of agreement in place it can be difficult to manage this area of the business solely in house.

We at EFM offer a comprehensive occupancy agreement management Service covering:

We offer this service to assist and support clients in organising, managing, diarising and reporting on forthcoming key lease dates including:

Many organisations simply do not have the required resource to effectively monitor and manage the sometimes complex minefield of lease information.  Managing this element of your business on your behalf, we remove the need to employ members of staff or burden those already in post who may not possess the required skill set to carry out this task.

Example of mismanagement:

An organisation is in occupation of a property for a 10 year period with one break exercisable on 6 months notice of the 5th anniversary of term.  The passing rent for that property is £500,000 per annum.

The organisation decides that the property is surplus to requirements and decides to leave.  They are unsure of the Break Date and serve notice 1 month before the 5th Anniversary of term.  The notice is rejected by their Landlord as it is “out of time”.  The organisation are therefore unable to vacate the property as wished (without paying a potentially hefty compensation) and are therefore left with a rental liability of £2.5m until the end of term.

This is an actual example of a situation EFM Consulting learned of whilst working with an organisation and one which could have been circumvented had proper management been in place.  

To discuss our cost effective Occupancy Agreement Management Service further please contact us to arrange a telephone conference or web demonstration.

NHS Estatecode (HBN 00-08)

NHS Estatecode (HBN 00-08) provides best-practice guidance to NHS organisations in England on all aspects of managing their estate and discusses acquisitions and disposals of freehold and leasehold land and property, and town planning and planning strategic investment in the estate.

The document also sets out the requirements of Trusts in relation to the collation, storage and management of important legal documentation.  EFM Consulting can support you in your following of Estatecode through utilisation of the above service and our Occupancy Agreement Audit or Data Extrapolation Services.

Links to HBN 00-08 (Estatecode) Documents as published in October 2014:

* The above provide links to an external site - although we check the accuracy of the information stored on that site periodically we do not accept liability for any reliance on such information due to the potential for alteration without our knowledge.

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