service charge

service charge
An amount paid by a tenant to his landlord at a rate set by the lease to compensate the landlord for the cost of carrying out specified services in relation to a property, such as maintenance, repairs, security and so forth.

Easyform Glossary of Law Terms. — UK law terms.


service charge
An amount payable in respect of repairs, maintenance and services.
Service charges are usually found in leases, where tenants agree to pay the landlord or a management company for the cost of services provided.
Occasionally, service charges appear in other contexts, for example, where a freeholder of a property on a private estate must contribute towards the cost of maintaining the grounds and the access road.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • service charge — service .charge n 1.) BrE an amount of money that is added to a bill in a restaurant as an extra charge for the service of the waiters 2.) BrE an amount of money paid to the owner of a block of ↑flats for services such as cleaning the stairs 3.)… …   Dictionary of contemporary English

  • service charge — service charges N COUNT A service charge is an amount that is added to your bill in a restaurant to pay for the work of the person who comes and serves you. Most restaurants add a 10 per cent service charge to the bill …   English dictionary

  • service charge — ► NOUN 1) a charge added to a bill for service in a restaurant. 2) a charge made for banking or other services …   English terms dictionary

  • service charge — service ,charge noun count 1. ) an amount of money that a company adds to the cost of something in order to be paid for their services: There s a $1 service charge for using another bank s cash machine. a ) MAINLY BRITISH an amount of money added …   Usage of the words and phrases in modern English

  • service charge — n. a fee charged for a service, often in addition to a basic fee …   English World dictionary

  • service charge — A component of some finance charges, such as the fee for triggering an overdraft checking account into use. Bloomberg Financial Dictionary * * * service charge service charge ➔ charge1 * * * service charge UK US noun [C] ► COMMERCE an amount of… …   Financial and business terms

  • service charge — UK / US noun [countable] Word forms service charge : singular service charge plural service charges 1) a) an amount of money that a company adds to the cost of something in order to be paid for their services There s a £1 service charge for using …   English dictionary

  • service charge — That charge assessed by bank against the expense of maintaining a customer s demand deposit or checking account, and is calculated on basis of a formula whereby bank s cost of maintaining account for customer is determined. U. S. v. First Nat.… …   Black's law dictionary

  • service charge — pilnasis šaunamasis užtaisas statusas T sritis Gynyba apibrėžtis Kovinis užtaisas, naudojamas, kai reikia šaudyti didžiausiu nuotoliu ir lėkštąja trajektorija (tiesioginiu taikymu). Pilnasis šaunamasis užtaisas gali būti nuolatinis ir kintamasis …   Artilerijos terminų žodynas

  • service charge — / sɜ:vɪs tʃɑ:dʒ/ noun 1. a charge added to the bill in a restaurant to pay for service 2. an amount paid by tenants in a block of flats or offices for general maintenance, insurance and cleaning 3. US a charge which a bank makes for carrying out… …   Dictionary of banking and finance

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