21st February edition of Shopping Centre News features new research from Property Solutions showing that shopping centre landlords and managing agents are still struggling to achieve full compliance with the Code of Practice on Service Charges.
The article reviewed how our research found that while 97% of respondents were clear on the basis of apportionment of service charges, only 23% disclosed the accounting principles underlying their service charge accounts.
This point was raised by Shopping Centre News who also advised readers that timely delivery of documents remains an issue with less than 56% surveyed being compliant.
The SCOR for Retail 2013 research presents analysis of service charge costs and compliance with the Code. The report provides an unbiased and neutral account of service charge practices within the industry. Landlords taking part in the research include British Land, Land Securities, Capital & Regional, HBOS, HSBC, RBS and Lloyds Banking Group.
To read the full Shopping Centre News story, please visit http://ow.ly/tW8q7.