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Time to back out of reverse service charges

By: Language: English Series: Estates Gazette ; (1229) 21 July 2012, 80-81(2)Publication details: 2012Subject(s): Summary: Arguments against the adoption of reverse service charge arrangements by landlords. These pass full responsibility for structural repairs and provision of service to tenants even in multilet buildings. This arrangement may initially appear to be a neat and convenient device for landlords but they are flawed both legally and practically and need very careful drafting at the outset and close monitoring by building managers during the term of the lease.
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Journal article London Journal article L156915 (Browse shelf(Opens below)) 1 Available 156915-1001

Arguments against the adoption of reverse service charge arrangements by landlords. These pass full responsibility for structural repairs and provision of service to tenants even in multilet buildings. This arrangement may initially appear to be a neat and convenient device for landlords but they are flawed both legally and practically and need very careful drafting at the outset and close monitoring by building managers during the term of the lease.