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level 2

Commercial Service Charges

Course L2:02

Property management through the use of service charge regimes tread a fine balance between the interests of the landlord and those of the tenants. This intermediate course will explore the legal framework and consider portionments and accounting procedures.

Useful Pre-Requisites: Course L1:02 (Commercial Property Management) and L1:05 (Introduction to Land Law)

Framework:
  • Purpose of rent reviews
  • Rent review opportunities
  • Machinery for review
  • Principle of 'time of the essence'
  • Rental value considerations
  • Headline v net effective rents
  • Dispute resolution procedures
  • Negotiation techniques
  • Calderbank letters
  • Recent case law
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