Service Charge
Service charges are the annual amounts paid by leaseholders to landlords to cover the costs incurred by the landlord maintaining the building and grounds.
Service charges typically cover things like:
- maintenance of common parts of the building
- lift maintenance
- communal central heating, lighting etc.
- cleaning of the common parts
- maintenance of the garden and grounds
- fees for the management of the building or any managing agents
- contributions to a slush fund or reserve fund for future works are
Details of the service charges will be set out in the lease.
Author:
Gaynor Haliday, Legal researcher
About the author
Gaynor Haliday is an experienced legal researcher and published author. She has had numerous articles published in the press and is a legal industry commentator.