Property Solutions has released its new Service Charge Operating Report (SCOR) for Retail 2014.
The report provides useful benchmarks for service charge costs in the UK shopping centres and compliance with the transparency requirements stipulated in the RICS Code of Practice – Service Charges in Commercial Property. It also comments on Carbon Reduction Commitment charges and Energy Performance Certificates. The report can be downloaded from our website: Benchmarking.
We still advise that more attention is paid to transparency in disclosure of service expenditure by the managing parties and hope that both landlords and occupiers find our study of interest.
We welcome any comments or queries you may have. Please do not hesitate to contact us: firstname.lastname@example.org.