City of London specimen service charge clauses
The City of London Law Society Land Law committee has drafted service charge provisions to be used in leases, which reflect many elements of the RICS Code of Practice on Service Charges in Commercial Property. The introductory notes warn that, despite the intended fairness of the clauses, “it may be appropriate in the case of a short term to limit the tenant’s obligations, whether through the exclusion of particular heads of expenditure or by agreeing an overall cap on the tenant’s contribution.”
Read the Office Building clause here
Read the retail specimen clause here
