Tag Archives | Notional Rent

10 Key Property Issues for Practice Managers

Everyone is busy and Practice Managers are no exception to that rule. As multi-practice mergers become commonplace and property owning GPs look to retire, premises issues are increasingly making it to the top of all Practice Managers’ to do lists. Some practices are well organised when it comes to their property but others don’t have […]

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How large is my building – GEA, GIA and NIA?

Surely measuring a medical/commercial property is straightforward? So why can two surveyors come up with two different measurements? The answer is that the area of the premises will vary depending on the purpose. For instance, if you needed a valuation of your premises or wanted to appeal your notional rent, the valuation surveyor will use […]

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Future proofing your practice 3

Make your premises work harder When you’re thinking about the future of your practice, another way to make your premises work even harder for you, is to consider whether you could add additional complementary services such as a pharmacy, optician or dentists within your surgery. This benefits not only patients who are increasingly expecting these […]

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Future proofing your practice 1

In these difficult economic times, costs are outstripping any increase in core practice income; indeed data from the Heath and Social Care Information Centre shows that whilst GP income is falling, expenses are rising 3.5%. And yet, PCTs and the NHS demand more on the same income, patients increasingly expect more and pressure on premises […]

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What’s the difference between Notional Rent and Cost Rent and how are they set?

Notional Rent and Cost Rent are both forms of reimbursement under the Doctors Rent and Rates Scheme. The Doctors Rent and Rates Scheme is a framework for establishing the funding and reimbursement to GPs for the provision of premises and services on behalf of the local PCT. Whilst existing premises are due reimbursement by way […]

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A local pharmacy has approached us with a view to setting up in our premises. What effect will this have on our Notional Rent?

The answer to this query really depends on the space which the pharmacy will occupy.  If the space that has been identified is currently within the space that is being reimbursed by the PCT then your reimbursement will have to be adjusted to take this into account, obviously resulting in less Notional Rent being received […]

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Notional Rent and the District Valuer

I have been dealing with a number of Notional Rent Assessments for clients recently which of course means speaking to the District Valuer. We get on very well with the 4 or 5 people we regularly come across which of course makes it a lot easier to try to agree an increase to a client’s […]

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