4-Part Online Educational Course
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This course is now complete and a link to the recordings will be shared with all attendees. If you have not registered but would like to receive access to the recordings, please email Tamara Cmiljic at TamaraC@henrystewart.co.uk
Session 1: The Legal Landscape of Service Charges
- A short introduction to service charge development
- The meaning of service charges
- Concept of reasonableness
- Legal rules impacting service charges
- Drafting repair and service charge clauses
- Common shortcomings in leases
- Liability of assignors and assignees when leases change hands
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
- A review of the residential legislative framework
- Understanding the Section 20 Requirements
- Failures in statutory procedures: the consequences
- Leaseholder Associations
- Potential and trawled leasehold reform changes
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