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Session 1
The Legal Landscape of Service Charges
- The concept of service charges
- Drafting repair and service charge clauses
- Common shortcomings in leases
- Liability of assignors and assignees when leases change hands
- Interpreting service charge clauses: case law
- Statutory rules impacting residential service charge regimes
Session 2
Practicalities of Running Service Charge Accounts - Part 1
- Introduction to the case study
- RICS Service Charge Professional Statement (2018), 1st edition
- Inherent conflicts in service charge management
- Service Charge Regimes
- Accounting Practicalities: Budgets, Client Accounts, Final Certificates
- Audits and ICAEW Requirements
Session 3
Commonhold and Leasehold Reform Act 2002 ("Section 20") and the Attendant Regulations
- The concept of reasonableness
- Consultation (“Section 20”) Requirements
- Recognised Tenants’ Associations
- First Tier Tribunal (”FTT”) applications and other remedies
- Reform
Session 4
Practicalities of Running Service Charge Accounts - Part 2
- Best value concepts and tendering
- Benchmarking and tenant satisfaction
- Apportioning costs and costs recovery
- Agents fees and other professional costs
- Handling sinking funds
- Green lease challenges
- Case study feedback