Service Charge Residential Management Code
Peter Bolton King, the RICS Global Residential Director, reports that the RICS Service Charge Residential Management Code is in need of updating, as the current document is woefully out of date. RICS is intending to consult stakeholders next month about what revisions they would like to see in a 3rd edition and will also be asking respondents to assess the impact of any changes. Without a business impact assessment it is unlikely that any updated edition would be endorsed by the government.
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