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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.

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Challenges

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

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Our services

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.

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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.

Your Contact

Harber Steve

Steve Harber
Head of Property Management
Property Management
+44 (0) 20 7484 8170 

Contact


International
Knowing your local market in depth, anticipating your needs,
providing you bespoke solutions across every Carte implantations
stage of the real estate cycle of your assets…
these are BNP Paribas Real Estate’s commitments to make your issues our priorities.