Various periodic payments will need to be set up which relate to the building. These include, rent, service charges, buildings insurance, business rates and utilities.
For most of our properties, the rent is invoiced quarterly in advance on the legal quarter days which are as follows:-
| Q1 | 25th March - 23rd June |
| Q2 | 24th June - 28th September |
| Q3 | 29th September - 24th December |
| Q4 | 25th December - 24th March |
We endeavour to send out the invoices 4-6 weeks in advance of the quarter date in order to give our tenants plenty of time to settle them and not incur interest charges due to late payment. The amount of interest charged on the arrears is defined in your lease but is typically 3-4% over the base rate.
All our leases are unique to each individual tenant. Where MedicX Group provide services, either as part of an agreed annual plan or on a reactive ad-hoc basis, these will be included within the quarterly invoice.
VAT is charged on all rent, service charges, insurance and other charges invoiced by us.
You are responsible for the payment of the business rates on the property. The Local Authority will be able to help you should you have any queries.
The arrangement of gas, electricity and water supplies to your building is normally your responsibility. However, MedicX Manage would be pleased to help should you require further assistance with these.
We would recommend keeping a record of your consumption and billing which can be done under your property information area of My MedicX.
MedicX Manage help desk available 24 hours, 7 days a week
T: 0808 202 5468
