Service charge apportionment

Service charge apportionment refers to how shared cost like maintenance, insurance, and utilities are divided among leaseholders in a building. SRVO’s expert property professionals assist in reviewing these apportionments when situations on an estate change (additional units and individual flat extensions). by reviewing leases, assessing the apportionment approach and providing clear advice we are able to assist property managers in assessing fair contributions and effectively managing the estate.

SRVO carry out these assessments by reviewing the lease terms to establish the appropriate apportionment approach. We then review floorplans and carry out inspections of the units and estate to establish the shared services and estate layout. Suitable splits and service charge schedules are then prepared to reflect the intricacies of the building and its cost centres.