Summary of Budget 2020

Chancellor Rishi Sunak delivering his first budget yesterday, changes announced include measures put in place to support the economy in the face of the coronavirus such as additional support for the NHS and public services and loans available for small businesses to support ‘business interruptions’. Furthermore minor Stamp Duty changes have been introduced in respect of non-UK residents. Business rates for small businesses have been scrapped. Below is a summary of the main points: Coronavirus and public services £5bn emergency response fund to support the NHS and other public services…

Service charges payable under leases

What is service charge? Essentially service charge is a payment made by the tenant to the landlord for costs that have been incurred in relation to services provided to the property. Charges may include costs associated with general maintenance, repairs, insurance, community central heating, lighting, cleaning of the common areas and gardening/landscaping. As a landlord am I obliged to provide services? This is subject to what the lease provides. Some leases will specify services that the landlord is required to provide. Others will mention which services the landlord may provide…

Powered by How to backup and restore wordpress site

error: Content is protected !!