A service charge is a means by which a landlord can recover from tenants the cost of maintaining and repairing a building and providing certain services.
Typical costs can include
- Repairs extending to major structural repairs
- General maintenance services including cleaning, refuse collection, lighting, heating, air-conditioning, and security
- Property management expenses or fees
- Sinking fund contributions to cover replacement of plant and machinery including the upkeep of common areas.
Commercial leases usually have service charge clauses which govern the operation of the service charge regime.
We offer service charge management to both single and multi-let buildings, including calculating the expenses, invoicing to tenants and collection of payments.
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