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City of London specimen service charge clauses

Wednesday, May 11th, 2011 in Commercial, Landlord, Managing Agent, News, Service Charge

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

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