COMPLIANCE OF RICS CODE OF PRACTICE FOR COMMERCIAL SERVICE CHARGES

Mohd Nazali Moh Noor and Michael Pitt

ERES from European Real Estate Society (ERES)

Abstract: RICS code of practice ëService Charges in Commercial Propertyí was introduced in 2007 with intention to promote best practice guidelines in the provision and management of commercial service charges. The paper seeks to view the compliance of the code after two years from its inception. Documental analysis through various reports, journals and other relevant secondary information are gathered and analyse in completing this paper. Critical review on the materials gathered is carried out in understanding the key recommendations as set within the RICS code against the current practice. Huge gaps were identified between the RICS as against existing practice involving several key headings such as transparency, value for money, communication and responsiveness. Recommendations are made to minimise the gap by harnessing concerted efforts among the stakeholders in commercial property industry.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2010-01-01
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Citations: View citations in EconPapers (2)

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