Ethical Property Foundation’s Post

🎧 New Podcast Episode! 🎧 Episode 6 – Understanding the Hidden Costs for Charities in Leasing a Building In this insightful episode, Simon Taylor (Head of Property Advisory, Ethical Property Foundation) and Sue Boyall (Partner, Excello Law) explore the often-overlooked costs that charities face when leasing a building. 🏢💡 We dive into essential topics including: 💰 Service Charges, Rates & VAT – Understanding these critical costs and their impact on your charity’s budget 📑 Heads of Terms (HOTs) – The importance of getting it right upfront to avoid surprises later 🔍 Extra Costs – Recognising additional expenses beyond rent ⚖️ Variable vs. Controlled Costs – What to know about rent reviews and cost fluctuations 🧾 Insurance & Rates Relief – Navigating insurance costs, tenant responsibilities, and available reliefs for charities 🧐 Lease Literacy – Why thoroughly reading your lease is crucial to avoid costly assumptions Plus, we share practical tips on managing these financial obligations and ensuring your charity’s financial health! 💡📊 With grateful thanks to our funders, Garfield Weston Foundation and City Bridge Foundation, for their support in making this possible. 🌟🙏 🎧 Listen Now to avoid unexpected financial burdens and take control of your charity’s property lease! ⬇️ https://lnkd.in/etcYw3vZ #CharityFinance #PropertyLeasing #Nonprofit #FinancialManagement #PropertyAdvice #EthicalPropertyFoundation #Podcast #CharitySupport #VAT #ServiceCharges #LeaseLiteracy #SustainableCharities

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