Service charge accounts
An interview with Andrew Bond, partner at Smith & Williamson. Andrew's work covers a range of assurance related issues such...
Usually, the lease simply provides for the landlord to recover expenditure on maintenance, repair and upkeep of the building, including management costs. The landlord is reimbursed for his expenditure, but is not given the opportunity to make a profit from the management. Where the landlord wishes financial reward for his expertise or agency, he must make sure the lease makes provision for this.
More information you might find useful:
- Service Charges and other issues
- Service charge dispute resolution flowchart
- More Frequently Asked Questions on Service Charges
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