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Trusts of service charge receipts

By: Language: English Series: Estates Gazette ; (9222) 6 June 1992, 84-85(2)Publication details: 1992Subject(s): Summary: Landlord and Tenant Act 1987 s42 requires payments made by tenants of dwellings in respect of service charges to be held on trust. The provisions do not apply to business leases. This article provides practical guidance for landlords, tenants and managing agents concerned with property subject to residential tenancies.

Landlord and Tenant Act 1987 s42 requires payments made by tenants of dwellings in respect of service charges to be held on trust. The provisions do not apply to business leases. This article provides practical guidance for landlords, tenants and managing agents concerned with property subject to residential tenancies.