A service charge is a fee paid by tenants to cover the costs of maintaining and managing a property. It includes expenses such as cleaning, security, utilities, and repairs. Common in commercial leases, this charge ensures shared services and amenities are funded and operational.
This piece has been reproduced from an article featured in Business Spectator, by Australian business commentator, Alan Kohler.
Despite claims to the contrary, and a rise in business confidence, many businesses are still feeling the effects of the GFC, with all its attendant after-effects.
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