What is a reasonable Office Estate Management Company Fee?
Discussion
We have an office on a new development of about 25 offices. There's a management company for the estate which charges a service charge for organising landscaping, security, pest control, etc.
Included on their bill is a “Management Costs” fee which is equal to 35% of the cost of everything that’s been paid for/will be paid for.
35% seems a bit steep for managing some landscaping, security and pest control.
Can anybody give some indication of what they are paying in similar circumstances?
Thanks,
TSS
Included on their bill is a “Management Costs” fee which is equal to 35% of the cost of everything that’s been paid for/will be paid for.
35% seems a bit steep for managing some landscaping, security and pest control.
Can anybody give some indication of what they are paying in similar circumstances?
Thanks,
TSS
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