The income (service charge) a landlord/ lessor generates from providing paid services to tenants/ lessees. A service charge (sometimes known as an estate rent charge) is the amount charged, annually, quarterly, or monthly, to each tenant on a development, or within a unit in a block, for maintaining (upkeeping) of, or servicing, common areas which can be used to the benefit of all contributing tenants.
Service charges usually cover the maintenance, repair and replacement costs of common areas/ parts and facilities within a property.
