| | |
Share

Turnover Certificates

Many retailers are required by the terms of their lease to pay rent based upon the level of turnover generated by the store. This is particularly common for units leased within shopping malls.

The property lease requires that the turnover reported to the landlord for turnover rent purposes, is certified by an independent auditor.

How BDO can assist you

We have a wealth of experience in preparing reports to help management fufill their obligations under the turnover rent clauses of leases. We ensure that the turnover declared is in line with the lease terms, excluding and including items as appropriate.

They key benefits BDO offers clients

Our involvement provides the independent assurance needed by the company to satisfy their landlords’ requirements regarding turnover based rent. The process helps ensure that they are charged the correct rent for their properties.

Find a partner

To find out more you can also contact your local BDO adviser.

Accountants and Business Advisers © 2013 BDO LLP. All rights reserved. BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members' names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Services Authority to conduct investment business. BDO is the brand name for the BDO network and for each of the BDO Member Firms.