RICS has launched new requirements that set a marker for the standard of management required in commercial property and provide mandatory obligations that its members and any RICS regulated firms engaged in this area must comply with. The new rules are effective from 1st April 2019 and have been put in place to ensure service charges to commercial tenants are transparent, upfront and fair, and that any costs incurred are in accordance with the terms of the occupational lease. The...

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