Service charge provisions are key to both landlord and tenant.
Landlords aim to recover all of the expenditure on their property, to negotiate institutionally acceptable terms that ultimately make their investment more attractive. Tenants seek to clearly define the services provided, to prevent the landlord from charging for unnecessary items of expenditure. Balancing these interests is not an easy task.
Successive service charge codes have been published over the years to help reduce the number of disputes, the most recent edition having been launched in April 2019. But, what does it say and how might it impact on service charge provisions?
This webinar will initially highlight the background to the Code before considering the key parts of a well-drafted service charge clause. What does the Code suggest and what are the most important issues to consider when drafting, negotiating or indeed reviewing service charge clauses?