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Thursday 18th September 
- 09:30
- Henry Stewart Conference Studies LLP - Service Charges - The Challenges for Landlords and Tenants
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Venue: The Strand Palace Hotel
Location: London
Cost: £249 + VATThis course will consider both commercial and residential service charges and reserve and sinking funds. It will cover the interpretation of service charge clauses in different types of leases, the relevance and application of codes of practice, the statutory regime for residential service charges, and best practice.
This course will cover:
• The landlords’ aims; the tenants’ aims; the inherent conflicts
• Different types of service charge
• Management costs
• Auditing and certificates
• Latest views on statutory and common law reasonableness tests
• Commonhold and Leasehold Reform Act 2002 and the regulations made in 2003: changes to the residential service charge code
• Potential legislative changes
• Codes of Practice
• Common shortcomings in leases
• Drafting suitable lease provisions
• Liability of assignors and assignees when leases change hands
• Apportioning the costs of unevenly shared services
• Solving the most common problems
• Benchmarking
• RICS Commercial Service Charge Code
• RICS Residential Service Charge Code
• Handling sinking funds
• Cost implications versus lease terms
• Green issues
The day will be of benefit to property managers, residents’ companies and lawyers responsible for drafting and negotiating leases.For more information on this event click here to send an email enquiry
