Guidelines aiming to reduce conflict over service charges have been launched by the RICS.
The code of conduct is targeted at investor landlords and managing agents, and has a lead-in period of 10 months to accommodate what the RICS claims are “significant changes to systems and practices”.
RICS members will be required to adhere to the guidelines, which have been endorsed by the British Property Federation, the British Retail Consortium, the British Council for Offices, the BCSC and the Property Managers Association.
For more information on the guidelines, visit www.servicechargecode.co.uk.
