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service charge issues

Leases commonly provide for both obligations and rights in the provision of operational standards and the maintenance of common areas and services. Landlords wish to protect value across the lifecycle of the asset whilst minimising unrecovered expenditure, whilst tenants are concerned with the utility value of the interest and certainty and control of their exposure to expenditure – these objectives can lead to tension and conflict.

We can review and advise on the legitimacy, timing and extent of the expenditure, from the perspective of landlords and tenants.