Questions of maintenance
Article Abstract:
Service charges for commercial property are not covered by law in the UK therefore tenant and landlords should carefully consider lease documents before agreeing to any payments. Management costs should be calculated as a percentage of all the service charges. Landlords who fail to produce year-end certificates or budgets by the end of a year should forfeit any excess charges for that year. Leases should define which items are not included in the service charges.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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Are you being served?
Article Abstract:
Landlords in the UK need to be aware that the cut-off date for recovering 'fixed charges' from former tenants or guarantors for money due before Jan 01, 1996, is now approaching. The best way to obtain the money is to use the form set down by the Landlord and Tenant (Covenants) Act 1995 (Notices) Regulations 1995. Service of a notice is only effective if undertaken in person or by registered post, not by ordinary post.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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Time for change?
Article Abstract:
The present U.K. law relating to repairing covenants is complex and unclear, with several major shortcomings. The Law Commission has suggested several reforms to the existing rules, which could clarify the responsibilities of landlords and tenants and their statutory obligations with respect to repairing covenants. Details of the suggested amendments are included.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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