Search
Generic filters
Filter by Categories
Accounting
Banking

Real Estate




Service Charge Income


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.



ABC
Real Estate... Real estate alphabetical: Browse real estate terms, concepts, and definitions, by letter, all alphabetically ordered for your convenience. You may ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*