Industry comment, updates and news from the Websters team.

Flipping service charge

Tuesday, March 10th, 2015 in Commercial, Landlord, Managing Agent, News, Residential

DAC Beachcroft has reported that a landlord of a multi-let building or estate will often have leases which fall for renewal at different times. Old service charge provisions will require review and possibly updating to account for new services being provided in the modern age.

Landlords will generally wish to avoid the administrative hassle involved in managing two or more different service charge régimes. One way of doing so, recommended by the service charge code, is to include two service charge provisions within new leases.

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