The New RICS Service Charge Code Has Been Unleashed
Deloittes has questioned whether the modifications relating to environmental sustainability in the recent (3rd) edition of the Service Charge Code will help to drive change? Whilst there have not been any fundamental changes, some additional guidance has been provided specifically around green leases, Carbon Reduction Commitment Energy Efficiency Scheme (CRC), improving environmental performance and Energy Performance Certificates (EPC’s). I would argue that the updates can only be regarded as a good thing for commercial property.
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