Building Service Charge definition
Examples of Building Service Charge in a sentence
Subject to reimbursement by the Tenant of the Building Service Charge, to use all reasonable endeavours to provide the services specified in the Ninth Schedule in accordance with the principles of good estate management.
The Tenant’s Proportion of the Building Service Charge shall be discharged by means of equal quarterly payments in advance (the “Advance Payments”) to be made on each of the Quarterly ▇▇▇▇ Days and by such additional payments as may be required under paragraph 5 of Part III of this Schedule 6.
The Purchaser is not entitled to set-off any Building Service Charges or other amount payable by the Purchaser against the Building Service Charge Security Deposit.
For the avoidance of doubt, the Building Owners Association will only credit the Transferee the Building Service Charge Security Deposit held by the Building Owners Association once all Building Service Charges are paid in full and will not refund the Purchaser the Building Service Charge Security Deposit upon any transfer.
The Purchaser must pay the First Provisional Building Service Charge to the Seller in full and in advance on or before the Completion Date.