Notional Rent Reimbursement
Is your rent reimbursement too low or are you simply too busy to manage a rent review?
Call us now on 0845 143 0019 or email info@gpsurveyors.co.uk for a free assessment and let us manage the process for you.
GP Surveyors will:
- Carry out a free survey of your premises to ascertain if you are being underfunded.
- Negotiate the rental figure with the PCT’s representative, only if we believe that your surgery has been undervalued.
- Manage the process for you from beginning to end, keeping you regularly updated on progress.
- If we believe that we cannot negotiate an increase, there will be no charge and you can enjoy peace of mind that your surgery is correctly funded.
GP Surveyors successfully negotiate notional rent increases for 500 surgeries each year, some of which can receive increases of up to 80% amounting to five figure sums!
This additional income has been put towards valuable activities such as refurbishing patient waiting areas, installing new telephone and IT systems, and extensions to create additional space within the premises. These things all contribute to what’s really important – enhancing the experience for patients.
Tip:
You MUST make sure that you include all your premises space on your PREM1 form. Many practices are losing out because they forget to include loft or basement space used for storage. If you’re unsure, seek advice!
*This is an estimated figure based on GP Surveyor’s work with a fifth of GP practices across the UK.
We also recommend:
- Letting Spare Space
- Extensions
- Alterations and Refurbishments
- Surgery Development
- Surgery Valuations
- Cost Rent
- Pharmacy Rent Reviews
- Sale and Leaseback
Resources:
- Cost Rent and Notional Rent explained
- Notional Rent Abatements for Extensions
- Notional Rent myths exposed