Understanding the Service Charge Residential Management Code - A Guide for Landlords and Residents
The Service Charge Residential Management Code, now in its third edition and published by the Royal Institution of Chartered Surveyors (RICS), is a vital resource designed to enhance the management of service charges in residential properties in England. This Code is approved by the Secretary of State and outlines best practices that promote transparency, fairness, and accountability between landlords and leaseholders.
This article aims to clarify key aspects of the Code for both landlords and residents, offering insights into their respective roles, rights, and responsibilities.
Rent & Service (miss)charges
Over the past year, numerous UK social housing providers have been implicated in overcharging residents for rent and service charges. These issues have led to significant financial burdens for tenants, prompting widespread frustration and complaints.
Already considered an ever-increasing cost that spirals further out of control year on year, residents now have to question if they are being illegally overcharged or if these costs are simply being mismanaged. One thing we can all ponder is whether this is just the tip of the iceberg.