Service charges

Service charges, or service fees, are costs that tenants pay to cover the costs associated with running a property. These charges may include building maintenance, cleaning of common areas, utilities for common areas, security services, and more (see OPEX). Fees are often charged based on the size of the tenant's leased space and may be billed monthly or annually. They are often invoiced in the form of advances, usually subject to annual billing based on actual costs incurred.

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