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RICS Service charges in commercial property (2019 RICS Service Charge Code)

RICS Service charges in commercial property 1st edition- RICS Service charge code The RICS Service charges in commercial property 1st edition supersedes all three previous rics service charge codes which were published as guidance notes. This new document has the status of a Professional Statement. RICS members and firms regulated by the RICS must comply with professional [...]

By |2019-12-02T15:31:27+00:00September 9th, 2019|office service charges, Service Charges, shopping centre service charges|Comments Off on RICS Service charges in commercial property (2019 RICS Service Charge Code)

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 [...]

By |2019-12-02T15:26:58+00:00December 1st, 2018|business lease, commercial property service charges, Disputes, office service charges, service charge audit, Service Charges, shopping centre service charges|Comments Off on Service Charge Disputes – can you afford to ignore them?

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 [...]

By |2019-12-02T15:28:57+00:00November 30th, 2018|commercial property service charges, Disputes, office service charges, service charge audit, Service Charges|Comments Off on Office Service Charge New RICS Code 2018

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 |2017-09-21T12:47:53+01:00September 21st, 2017|business lease, Disputes, Financial, Service Charges|Comments Off on Commercial Service Charge Accounts – Business Tenants – Should you pay?