The Lease

The most important legal document for service charge budgets is the lease. The lease will provide you with the framework with which to create your service charge for a particular development. You will find the following information available for the lease.

  • Financial year
  • Payment dates
  • If payment is in advance of arrears
  • Services to include
  • If the budget will consist of multiple schedules
  • Tenants apportionment

We will cover the items mentioned above later in the course.