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A service charge is an amount payable by a tenant to a landlord or management company as part of or in addition to the rent.
This cost, which is payable, directly or indirectly includes insurance and the landlord’s costs of management and/or repairs.
Administration charge is an amount which may be payable by the tenant and the landlord as part of or in addition to the rent directly or indirectly;
- For or in connection with the grant of an approval under your lease, or an application for such approval;
- For or in connection with the provisions of information or documents;
- In respect of the tenants failure to make any payment due under your lease;
- Or in connection with a breach of a covenant or condition of the lease.