Course description
The lack of statutory control over commercial service charges, compared with the residential sphere, does not mean that it is a Wild West world, in which anything goes. It is true that everything depends on the terms of the individual lease, but the RICS Professional Statement on Service Charges in Commercial Property plays an important part in promoting best practice and reducing the incidence of disputes.
A changing world means that the topic of service charges never stands still, and there are always new challenges to the Professional Statement, and to the landlord’s aim of recovering service expenditure. Caselaw continues to expose new pitfalls for both the manager and the occupier.
This live and interactive session with popular presenter Mark Shelton examines the component parts of service charge provisions in the light of the Professional Statement, and also considers the latest legal developments.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The lack of statutory control over commercial service charges, compared with the residential sphere, does not mean that it is a wild west world, in which anything goes. It is true that everything depends on the terms of the individual lease, but the RICS Professional Statement on Service Charges in Commercial Property plays an important part in promoting best practice and reducing the incidence of disputes. Failure to comply may amount to professional misconduct, and moreover could support a negligence claim.
A changing world means that the topic of service charges never stands still, and there are always new challenges to the Professional Statement, and to the landlord’s aim of recovering service expenditure. Caselaw continues to expose new pitfalls for both the manager and the occupier.
This virtual classroom seminar examines the component parts of service charge provisions in the light of the Professional Statement, and also considers the latest legal developments.
What You Will Learn
This live broadcast session will cover the following:
- ‘Final, conclusive and binding’ - is the Sara & Hossein case the last word?
- Charging for improvements
- Procedural requirements - when informality means under-recovery
- The role and limitations of ‘sweeper’ clauses
- Environmental and regulatory impacts
- Reserve and sinking funds, and the appropriate role of depreciation charge
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...