Service Charge Apportionment Schedule for Residential Property
This Service Charge Apportionment Schedule for Residential Property can be used by property managers, agents and/or residential 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.
This Apportionment Schedule should be sent to tenants with the Estimated Service Charge Statement. It is suitable for use in relation to any residential property where the tenant is required to pay a service charge (for example, long residential leases). Under the Tenant Fees Act 2019 and the Renting Homes (Fees etc.) (Wales) Act 2019, a service charge payment cannot be charged to a tenant under an assured shorthold tenancy.
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 Residential 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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