Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Retention for Service Charge (clean break allowance)
Change Date : 11/01/2024 | Word Count: 453 | Deployment Measure : 7/10
Rationale:
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.
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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