“Stop press” - Rics Service Charge Residential Management Code
The 2nd edition RICS Service Charges Residential Management Code was published in 2009 and is now commonly considered to be out of date (especially in light of developments in recent legislation and case law).
The RICS have announced that it is intending to consult stakeholders (such as solicitors, surveyors and managing agents) with a view to revising the document and publishing an updated 3rd edition.
It is envisaged that a draft 3rd edition will be consulted upon by way of public consultation, with the aim to then submit the 3rd third edition to the Government for endorsement (early in 2014).
If you have any queries about the Code or the consultation process, please contact our Residential Property Management team.
For more information please contact Mark Smith, Partner