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Service charges and tenant alterations [electronic resource]

By: Language: English Series: RICS Information PaperPublication details: London RICS 2009ISBN:
  • 9781842194683
Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Considers some of the issues surrounding the apportionment of service charges where a tenant makes alterations to a commercial property. Observes that where a tenant carries out alterations to premises which increases (or decreases) the floor area of the premises, issues can arise as to the extent to which the tenant's proportion of the landlord's service charge should be increased or decreased, and the potential impact upon the proportion of the service charge payable by other tenants. Argues that while these issues can be problematic, the answers can usually be found in the wording of the lease.
Holdings
Item type Current library Call number Copy number Status Notes Barcode
Online material Virtual Online SCAN (Browse shelf(Opens below)) 1 Available Please contact [email protected] to request a digital copy (fees apply for non-members) 146898-1001

Considers some of the issues surrounding the apportionment of service charges where a tenant makes alterations to a commercial property. Observes that where a tenant carries out alterations to premises which increases (or decreases) the floor area of the premises, issues can arise as to the extent to which the tenant's proportion of the landlord's service charge should be increased or decreased, and the potential impact upon the proportion of the service charge payable by other tenants. Argues that while these issues can be problematic, the answers can usually be found in the wording of the lease.