Service Charges
This course covers both commercial and residential service charges as well as reserve and sinking funds. The interpretation of service charge clauses in different types of leases, the relevance and application of codes of practice, the statutory regime for residential service charges and best practice are all explained in comprehensive detail.
Course content:
- The aims of landlords and tenants; the inherent conflicts
- Different types of service charge
- Management costs
- Budgets, auditing and certificates
- The concept of reasonableness
- Commonhold and Leasehold Reform Act 2002 and the attendant Regulations
- Potential legislative changes
- Common shortcomings in leases
- Drafting suitable lease provisions
- Liability of assignors and assignees when leases change hands
- Apportioning the costs of unevenly shared services
- Solving the most common problems
- Benchmarking and tenant satisfaction
- RICS Commercial Service Charge Code
- RICS Residential Service Charge Code
- Handling sinking funds
- Cost implications versus lease terms
- Green issues
Who should attend?
A course designed for property managers, residents companies and lawyers responsible for drafting and negotiating leases.
COURSE DIRECTORS:
Derek Bruce, Principal Lecturer, School of Surveying and Planning & Practising Chartered Surveyor, Kingston University
Philip Freedman CBE, Senior Property Partner, Mishcon de Reya Solicitors
Thursday 9th May, 2013
London
6 CPD Hours
Continuing Professional Development at its best
