With poorly managed service charges a frequent cause of dispute between owners and occupiers, our Service Charge Code of Practice has been developed with leading property bodies to improve standards and promote consistency, fairness, transparency and best practice in the management and administration of commercial property service charges.
This code sets out clear best practice principles to solicitors and their clients, and managers of service charges. Its stated aims are:
- To improve general standards and promote best practice, uniformity, fairness and transparency in the management and administration of services charges in commercial property
- To ensure timely issue of budgets and year end certificates
- To reduce the causes of disputes and to give guidance to resolving disputes where these do occur
- To provide guidance to solicitors, their clients (be they owners or occupiers) and managers of service charges in the negotiation, drafting, interpretation and operation of leases in accordance with best practice
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Valuations for right to buy, right to acquire and equity sharing of social housing, revised 2009›