New RICS code of practice on service charges (SUPERSEDED) | Practical Law
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The RICS has published a new code of practice, RICS code of practice: Service Charges in Commercial Property (2006 version) intended for surveyors practising in England and Wales. The objectives of the code are to:
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New RICS code of practice on service charges (SUPERSEDED)
Practical Law UK Legal Update 1-203-1853
(Approx. 2 pages)
New RICS code of practice on service charges (SUPERSEDED)
by Author: PLC Property
Related Content
Law stated as at 28 Jun 2006
•
England,
Wales
The RICS has published a new code of practice,
RICS code of practice: Service Charges in Commercial Property (2006 version)
intended for surveyors practising in England and Wales. The objectives of the code are to:
Prevent services charges being an area of conflict.
Deliver service charges that can be accurately forecasted and budgeted for as part of occupiers' overheads.
Ensure service charges are "not for profit, not for loss".
Encourage transparency and communication over service charges.
The code will supersede the
Guide to Good Practice
and will come into effect for service charges commencing on or after 1 April 2007.