M+A Partners HomeTurnover Rent Reviews

Turnover Rent Reviews

An increasing number of retail tenants are now negotiating with their landlord so that rent is charged based on turnover. It is therefore important to understand the component parts of turnover reported by tenants (tills, mobile technology, click and collect, concession income).

It is also necessary to clarify how returns from sales originating from other stores/online are treated, as well as sales not remitted in full at the point of sale (discounts, gift/loyalty cards and deposits). It is also important to understand how other in-store income is treated, for example grants and similar contributions.

We review turnover used in the calculation of turnover rent, analysing the various components of turnover and report on daily, weekly, and monthly trends. Our experienced team will make sure that the turnover components are as set out within the definition of turnover in the lease.

Our
Experts

Chris Dugdale
Partner
BIO
Chris has been with M+A Partners since 1992, becoming a partner in 1994. He trained and qualified as a Chartered Accountant with Moore Stephens in London, winning a national prize for his results in the professional examinations.

Chris is proud of the way the firm has managed to move with the times without losing its focus on a partner-led, professional service. "My partners and I have regular face-to-face meeting with our clients and we invite them to give us a call if they have any concerns between meetings. It's only by knowing our clients well that we can advise them well."

Chris is also:

Trustee of The Assembly House Trust; Trustee of Priscilla Bacon Lodge Support Group; Member of Norwich Cathedral Trust Committee; Treasurer of Blakeney and District Wildfowlers Association
EXPERTISE
  • Accounting Services
  • Personal Taxation and Private Client
CONTACT
Frank Shippam
Partner
BIO
Frank joined M+A Partners at the beginning of March 2008 having previously been an Audit Manager at PKF in Norfolk and Moore Stephens in Jersey.

Frank has over 20 years' experience of managing audits across a wide range of sectors and advising clients on technical financial reporting issues. “Whilst ensuring all compliance issues are addressed, we invest in getting to understand our clients to deliver advice that is practical and relevant to them.”

Frank has an ICAEW Diploma in Charity Accounting and considerable experience of advising not-for-profit organisations on technical and strategic issues. He has managed the audits of entities in the education sector, including Academies, and advised schools on their internal controls and procedures.

Frank is also a primary school governor and a trustee of the charity Break.
EXPERTISE
  • Accounting Services
  • Audit and Assurance
CONTACT
Sam Routledge
Manager - Property Management Accounting
BIO

Sam joined M+A Partners in December 2018.


Previously a Global Change Manager with over 10 years’ experience in property management accounting. Sam specialises in RICS-compliant commercial service charges and reporting on residential service charges in accordance with the relevant ICAEW Technical Release.


He has the experience to provide services towards turnover rents, car park income and expenditure, and head lease calculations. He can also deliver training across a wide range of topical property management issues.
EXPERTISE
  • Accounting Services
CONTACT
OUR TEAM
Downloads

Publications

Property Management Accounting