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As mentioned elsewhere in this report you will be required to pay a service charge in accordance with the provisions set out in the lease. The amount of the Service …

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ROT

Retention for Service Charge (clean break allowance)

Overview

An increasing number of firms are no longer agreeing to hold retention in relation to service charges. There are a variety of reasons for this as set out in Lexsure’s recent webinar. This suggested wording sets out the situation in the ROT.

Last updated:

11 Jan 2024

Words:

453

Last viewed:

22 Jun 2024

Views:

54

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