RICS Draft Professional Standard: Service charges in commercial property (Record no. 121999)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 03031nam a22002777a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240918t2024 xxk|||||o|||| 00| 0 eng d |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 110 ## - MAIN ENTRY--CORPORATE NAME | |
| Corporate author | Royal Institution of Chartered Surveyors |
| 245 ## - TITLE STATEMENT | |
| Title | RICS Draft Professional Standard: Service charges in commercial property |
| Subtitle | a consultation |
| Medium | [Electronic resource] |
| 260 ## - PUBLICATION INFORMATION | |
| Place of publication | London, |
| Publisher | Royal Institution of Chartered Surveyors, |
| Date | 17 September 2024 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Physical description | 107p. |
| 490 ## - SERIES TITLE | |
| Series statement | RICS Consultation |
| 500 ## - GENERAL NOTE | |
| General note | The 2nd edition which incorporated feedback from the consultation was published June 2025, effective from 31 December 2025 |
| 520 ## - ABSTRACT | |
| Abstract | The Royal Institution of Chartered Surveyors (RICS) has announced the launch of a public consultation for its Service Charges in Commercial Property professional standard, set to be released in its second edition.<br/><br/>This vital update is aimed at commercial property managers, landlords, occupiers, and industry stakeholders across the UK, and seeks to gather your views to ensure the new edition reflects best practices in the management and administration of service charges, promoting greater fairness, transparency, and uniformity across the sector.<br/><br/>The updated standard, due to launch in summer 2025, is designed to address key challenges in the management of service charges, including the timely issue of budgets and year-end certificates, and aims to reduce the causes of disputes between landlords and tenants. In cases where disputes arise, the standard will provide clearer guidance on resolution, fostering a smoother relationship between parties.<br/><br/>The second edition of the standard will provide vital guidance for solicitors, their clients (whether owners or occupiers), and property managers. It will also assist in the negotiation, drafting, interpretation, and operation of leases, ensuring that they adhere to industry best practices.<br/><br/>By updating this standard, RICS hopes to enhance clarity and transparency in commercial property transactions, helping stakeholders navigate complex service charge issues with greater confidence and less friction.<br/><br/>RICS is calling on all those who work in the commercial property sector, including landlords, occupiers and legal professionals, to provide their feedback on the proposed changes. <br/><br/>Consultation opened 17 September 2024 closes 29 October 2024. <br/> |
| 650 ## - KEYWORDS | |
| Keywords | COMMERCIAL PROPERTY |
| 650 ## - KEYWORDS | |
| Keywords | LANDLORD AND TENANT |
| 650 ## - KEYWORDS | |
| Keywords | SERVICE CHARGES |
| 650 ## - KEYWORDS | |
| Keywords | LEASEHOLD PROPERTY |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | England |
| 690 ## - BROAD SUBJECT | |
| Broad subject | Landlord and tenant |
| 9 (RLIN) | 6252 |
| 690 ## - BROAD SUBJECT | |
| Broad subject | Commercial property |
| 9 (RLIN) | 6227 |
| 710 ## - ADDED CORPORATE NAME | |
| Added corporate author | Royal Institution of Chartered Surveyors |
| 856 ## - ONLINE RESOURCE | |
| Uniform Resource Identifier | <a href="https://consultations.rics.org/gf2.ti/f/1581890/220402661.1/PDF/-/Service%20charges%20in%20commercial%20property_clean%20for%20consultation%204th%20Sept%202024.pdf">https://consultations.rics.org/gf2.ti/f/1581890/220402661.1/PDF/-/Service%20charges%20in%20commercial%20property_clean%20for%20consultation%204th%20Sept%202024.pdf</a> |
| Public note | View the consultation document on RICS iConsult |
| 856 ## - ONLINE RESOURCE | |
| Uniform Resource Identifier | <a href="https://consultations.rics.org/commercialservicecharges/consultationHome">https://consultations.rics.org/commercialservicecharges/consultationHome</a> |
| Public note | View the RICS iConsult homepage on service charges |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Suppress in OPAC | Do not suppress in OPAC |
| Lost status | Damaged status | Not for loan | Current library | Shelving location | Date acquired | Total Checkouts | Full call number | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|
| Virtual | Online | 18/09/2024 | iConsult | 18/09/2024 | 18/09/2024 | Online material |