The City of London Law Society has published some specimen service charge clauses on its website – one set for an office building, and one set for a retail centre. To see the clauses, click on:
Office building service charge.
Retail service charge.
The service charge provisions, drafted by City of London Law Society Land Law committee, are stated to be aimed at achieving a balanced draft inspired by and reflecting many elements of the RICS Code of Practice on Service Charges in Commercial Property. The introductory notes warn that, despite the intended fairness of the clauses, “it may be appropriate in the case of a short term to limit the tenant’s obligations, whether through the exclusion of particular heads of expenditure or by agreeing an overall cap on the tenant’s contribution.”
Property PSL