Leasing/Letting
- Advice on current market rental values.
- Marketing and letting of lettable spaces
- Conducting inspections and negotiation with prospective clients
- Advice on lease structures to optimise returns
- Tenant profiling and selection, including tenant mix
- Due diligence and KYC compliance
- Transaction completion management including liaison with lawyers
- Transaction reporting and documentation.
Commercial Management
- Rent collection and rent arrears recovery
- Insurance demands
- Regular inspections to ensure lease and statutory compliance
- Dealing with applications to assign, underlet or to make alterations
- Negotiation of lease surrenders
- Supervision of maintenance contracts and works
- Monitoring Health and Safety, Fire Risk assessments & Asbestos Management
- Service charge accounting
Service Charge Administration
The cost of maintenance of the facilities and building services in the common area of the building will be borne by the tenants via Service Charge contributions. As part of our property management functions, Nelson Thorpe Alonge will draw up and implement a service charge budget account for the property with specific apportionment to the various tenants which they will be liable for.
Our service charge budget will be based on projected expenditure for providing the various building services. To ensure equitable apportionment of the service charge, the budget apportionment will be based on the actual floor area occupied by each tenant.
Our service charge administration will comprise the following:
- The preparation of annual budget projections;
- The apportionment of service charge to tenants;
- The collection of service charge funds from tenants when due;
- The preparation of quarterly reconciliation statements for tenants