Service Charge Apportionment Schedule for Commercial Property
This Service Charge Apportionment Schedule for Commercial Property can be used by property managers, agents and/or commercial landlords to set how the service charge costs are allocated between the parties who benefit from the services. The service charge costs are allocated between the parties on a floor-area apportionment. Apportionment based on floor area is the most common and often the simplest method of apportionment.
Under the RICS Professional Statement ‘Service charges in commercial property (1st edition) RICS members and/or firms regulated by RICS must issue apportionment schedules annually to tenants. It is good governance to follow this requirement whether or not you are a member of RICS, or a firm regulated by RICS.
This Apportionment Schedule should be sent to tenants with the Estimated Service Charge Statement. It is suitable for use in relation to any commercial premises where the tenant is required to pay a service charge based on floor-area apportionment.
This Apportionment Schedule contains fields for the landlord’s and tenant’s details, the address of the property, the period to which the statement relates, the address details of the different units within the property and the names of the tenants. The area of each unit/floor expressed in square feet and the percentage contribution of the service costs for each unit should be entered in the table.
This Service Charge Apportionment Schedule for Commercial Property is a Microsoft Excel document in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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