The limited places are going
fast. Don't miss it! A reminder
of the details are included
in the Events section.
Brian
Crockford, Director IFMA Hong
Kong Chapter E-mail : brian.j.crockford@jpmchase.com
February
Luncheon
Re-arranged
from January...
BRIAN CROCKFORD, DIRECTOR, VIPER
FM CONSULTING LTD.
COMMON
AREA MANAGEMENT & SERVICE
PROVISIONS IN ASIA PACIFIC LEASES
19 TH FEBRUARY, 2004
Standards
and practices in respect of
common area management and services
provisions vary throughout Asia
Pacific, however it is typical
for lease terms to remain fairly
silent on the issue.
Service
Level Agreements, accountability
and certification of actual
costs are concepts that are
rarely discussed during the
transaction stage and few tenants
have paid attention to an element
of their lease which has a significant
effect on occupancy costs and
levels of user satisfaction
with their workplace.
Asia
Pacific landlords have not been
willing to commit to actual
standards of common area services
and where asked for further
details, have relied on their
reputation as a response. Transparency
and account reconciliation has
largely been absent and as a
result, tenants have accepted
a set management fee as standard
practice. |
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