|
In the UK such “fees” are referred to as “property service charges”. Depending on the lease terms many “service charges” are split into two parts. 1) service charge for ongoing running expenses - eg energy costs for communal areas, garden maintenance (if communal) etc 2) service charge contribution to a sinking fund. - I think you are referring to this charge. Tenants pay into the sinking fund/reserve each year and the landlord in theory uses this fund to pay for periodical large maintenance jobs e.g repainting the outside of the building etc. The theory being it’s not just a cost for the occupants at the time of the work but also previous occupants. Therefore you can use “service charge” or more specially “sinking fund contribution”
|