A commercial Lease (or Underlease) of PART of a building usually includes an obligation on the tenant to pay a service charge. This would cover the cost of maintenance and any repairs carried out by the landlord to the exterior of the building and also any part of the building that a tenant shares with other tenants e.g. lift, corridors, toilet facilities etc.
The Service Charge for each tenant is calculated proportionately, so that a tenant who has double the floor space of another tenant will pay twice as much in Service Charge.
Whether we are acting for the landlord or the tenant, our experienced commercial solicitors at Business Lawyers Direct will explain to you clearly what is covered and what is not covered by your Service Charge obligations and ensure that you have the maximum protection possible.Call Business Lawyers Direct today on or contact us via our online enquiry form and one of our senior solicitors will be pleased to discuss your requirements.