Letting
Service charges
Costs in addition to the base rent.
Service charges cover shared facilities and services such as cleaning, security, energy for communal areas and management. Always request an itemised advance payment and an annual reconciliation based on actual costs.
See also
Let commercial propertyFrequently asked questions about Service charges
What does Service charges mean?
Costs in addition to the base rent.
How does Service charges work in commercial real estate?
Service charges cover shared facilities and services such as cleaning, security, energy for communal areas and management. Always request an itemised advance payment and an annual reconciliation based on actual costs.
Related terms in letting
Rent-free period
Period without rent payments offered as an incentive.
Incentive
Financial incentive to enter into a lease.
Loss of rental income
Rental income lost through vacancy or non-payment.
Rent indexation
Annual adjustment of the rent.
Rental deposit
Security for the landlord.
Handover in shell / bare / building-services-fitted condition
Level of finish on handover.
Ask an agent
Unsure how this applies to your situation? Request a free rental or capital value assessment.
Free · no obligation · up to three proposals