Insights

Industry comment, updates and news from the Websters team.

What do the new Service Charges Rules mean for you?

Wednesday, October 2nd, 2019 in Commercial, Managing Agent, Service Charge

The RICS Professional statement – Service charges in commercial property – came into effect on 1 April 2019 with the aim of improving standards, fairness and transparency in the management of service charges and reducing the causes of disputes.

Joanna Crofts of RICS (registered institure of chartered surveyors) explains the benefits of the new rules for both tenants and landlords, what the global property consultancy has seen to-date, and outlines the changes that have become mandatory.

Read more here.

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