RICS Service charges in commercial property 1st edition

RICS Service charges in commercial property 1st edition RICS Service charges in commercial property 1st edition supersedes all three previous editions which were published as codes of practice. This new document has the status of an RICS Professional Statement. RICS members and firms regulated by the RICS must comply with professional statements in order to remain professionally competent. [...]

Service Charge Disputes – can you afford to ignore them?

Service charge disputes – can you afford to ignore them? An unresolved dispute, no matter how minor, has the potential to seriously affect the operation and reputation of a Landlord. It may delay or affect the ability to sell the property, as it cannot be truly “ready for sale” if service charge disputes exist, or historic [...]

Office Service Charge New RICS Code 2018

Office Service Charge - Commercial Property In light of the new RICS code here are just 5 things that landlords and managing agents of offices need to ensure: 1) A service charge apportionment matrix is provided. 2) Budgets and reconciliations with appropriate explanatory notes are provided annually. 3) All expenditure sought to be recovered via [...]

Commercial Service Charge Accounts – Business Tenants – Should you pay?

Business tenants and commercial service charge accounts The most frequent question I am asked by new clients when I first take on a service charge instruction is “Should I pay this invoice or withhold payment of it?” Business tenants are often faced with this dilemma for the first time when the commercial service charge on [...]

By | September 21st, 2017|business lease, Disputes, Financial, Service Charges|0 Comments