Service charge management
Effective service charge management and cost recovery from your occupiers
Working with BNP Paribas Real Estate will help you improve occupier satisfaction and ensure the effective management of your multi-let properties. This is because we combine a best practice approach with proactive communication to ensure both you and your occupiers enjoy value for money.
Plan the service charge and adhere to industry standards
Managing service charges and improving cost recovery from your occupiers presents a number of challenges
- Managing budgets and cost management for service charge
- Reconciling and certifing accounts
- Maximising cost recovery in accordance with lease terms
- Managing cash flow
- Communicating with all stakeholders to ensure satisfaction
Manage your service charge obligations
We can manage your day-to-day service charge obligations and help you plan for the future.
Our services include:
- Active management
We will optimise your procurement, ensure costs are budgeted, and manage income and expenditure effectively.
- Service charge certification
We can arrange independent certification to ensure full transparency of costs and compliance with the RICS code of practice.
- Cash management and debt recovery
We act as custodian, ensuring timely income collection, segregation of funds, and maximum recovery of any debts.
- Consultancy advice
We can provide strategic reviews and dispute resolution.
The benefits to you
Expert management to give you peace of mind
- Lower costs, higher satisfaction
Our experts have the occupier management expertise to ensure your liabilities are minimised and occupiers receive best value.
- Strategic future planning
We can advise on forthcoming legislative changes to help you plan for associated implications for future service charge expenditure.
- Independent expert advice
We combine day to day management with independent advice to help you resolve any disputes with occupiers or third parties.