Commercial Flashcards
RICS guidance on service charges
Service charges in commercial property, professional standard - 1st edition (September 2018) - effective from 1 April 2019
Purpose of a sinking fund
To periodically set aside money for the replacement of a wasting asset
Impact of CRCA
Granted relief on the payment of certain debts
Legislation covering covid arrears
Commercial Rent (Coronavirus) Act 2022
What does contracted out mean
Remove a tenant security of tenure, which protects the tenant’s right to remain in occupation of the premises and its right to the grant of a new lease following the expiry of the existing lease.
When contracting out which sections are removed
sections 24-28
How do you contract out
serving a statutory notice at least 14 days before the lease commences
