1
Q
What is the RICS PS re SC?
A
Service charge in comm prop 2025
2
Q
What are the changes that it brings?
A
Introduces strict timings - budgets- issued within 1m, rec 4months
Costs have been tightened - fixed man fee; monies for sc held in discrete or virtual acc - interest toward sc
Non recov - investment costs
Esg - expense incl only when it is genuine
APC by KK
flashcards
Decks in class (9)
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