One of the key requirements for effective property management is pro-active and effective communication with lessees.
Browsing: Service Charges
Service charges are payable by the leaseholder to the landlord for services provided by the landlord under the terms of the lease.
There are many reasons why a lease fails to make satisfactory provision for the computation of service charges.
A loan from your landlord to pay service charges means you agree those charges even where they may not be payable.
In some cases, leaseholders may object to the costs associated with health and safety or fire assessments.
Are notes to Service Charges accounts essential or desired? Gordon Whelan from Haines and Watts explains why they are central.
There can be few words in a lease that cause more confusion and angst to lessees and RMC’s than the term “audit”.
As a leaseholder, you should remember that under the terms of your lease, you may be required to pay service charges to your landlord.
The following guide was put together to provide an introduction to the monetary terms involved when owning a leasehold property.
Peter McCabe of Clear Building Management offers a checklist to help you assess if your service charge is fair.