Security Retainer

A form of deposit that is based on three months rent and is returned at the end if your agreement, subject to dilapidations. Where your rent is stepped, the deposit is based on the higher rent in the last year.

Payable to Workspace Management Ltd by Bankers Draft

Admin Fee

A one off fee of £150-200 (plus VAT) that covers the preparation of the documentation and your company name on the Building Directory board.

This amount is paid at the same time as the Security Retainer, payable by Bankers Draft

Rent

This is due monthly and is paid in advance

This is payable to Workspace Group by direct debt. To request a direct debt mandate please contact your Lettings Negotiator.

Service Charge

This covers the maintenance and upkeep of your property

This will be paid to Workspace Group at the time you pay your rent. In some cases service charge will be included in the rent you are quoted, please check with your Letting Negotiator to see if this is the case.

Contents, Employees and Public Liability Insurance

Workspace Plus Insurance is designed specifically for Workspace Group customers and provides cover for Employers Liability (required by law) and Public Liability (required by contract) as well as Contents and Interruption Cover.

To get instant cover visit; www.workspaceplusinsurance.co.uk. Workspace Plus insurance is provided by our business partner, Kerry London.

Payable to Kerry London by direct debit. Get cover instantly and download a direct debit mandate at www.workspaceplusinsurance.co.uk.

Alternatively call 0800 163 500 or email workspaceplus@kerrylondon.co.uk

Telephony and Data

Workspace Group has formed partnerships with Centric Telecoms and Excell Group Plc who can provide some of our centres with competitive data and telephony packages. Please speak to your Letting Negotiator to find out which service is available at your building.

The cost of this service is payable to either Centric Telecoms or Excell Group Plc; please check with your Lettings Negotiator for a list of charges and payment methods.

Business Rates

This is a council charge which contributes to local authority services and is based on £/sq ft. Broadly speaking you can expect to pay between £3 - £10 per sq ft per annum depending upon the location of your business premises. The amounts payable also depend upon your company status as some business types, such as charities and not for profit organisation receive a discount.

This is generally a separate payment payable directly to the local council; please refer to your council website for details.

In some cases this amount is payable to Workspace and included in your rent. Please check with your Lettings Negotiator to see which of the above applies.