The UK / European equivalent of operating expenses — recharged to tenants.
Lease economics · UK, EU
The UK / European equivalent of operating expenses — recharged to tenants.
Service charge in EMEA covers building maintenance, cleaning, security, utilities for common areas, management fees, and insurance. For a London Class A building, service charge typically runs £8-£18/sqft/year. Tenants have statutory and contractual rights to reasonable management; insist on RICS Service Charge Code compliance.
Service charge is part of the lease economics vocabulary that institutional Class A occupiers, landlords, and advisers use across UK, EU markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.