Service Charge


Search Office Space

Search Office London’s comprehensive database of 1000’s of London office space available to rent, let, lease, purchase or buy. If you need further help or would like to information about offices not yet released to our database, please get in touch.

Send A Message

Service Charge

This is a sum of money payable by a tenant on account of services provided by the landlord and is often collected quarterly in advance at the same time as the rent. A service charge usually arises when a property is in multiple occupation, such as an office block or shopping centre.Typical service charge items include the repair and maintenance of the external or structural parts of a building. Also, costs arising from repair and upkeep of common parts, together with managing agent’s fees and a sinking fund.A service charge payment can be capped in order to limit the amount of a tenant’s financial liability. In addition some service charge costs have a limit to the amount of increase that applies during the term of a lease. For example, the charge cannot rise in excess of the movement in the Retail Price Index. This provision enables the tenant to restrict future service charge liabilities.