Guidance

Financial Services Compensation Scheme: service charges for residential property

This guidance is for leaseholders and tenants paying service charges but will also be of interest to landlords, managing agents, resident management…

From:
Ministry of Housing, Communities & Local Government
Published
17 April 2009

This publication was withdrawn on

This document has been archived because the rules under which Financial Services Compensation Scheme considers deposit claims changed on 3 July 2015, and the existing guidance does not reflect the current position.

Documents

Financial Services Compensation Scheme (FSCS): Treatment of service charges for residential property

Ref: ISBN 9781409813163

PDF, 96.7 KB, 5 pages

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Details

This guidance is for leaseholders and tenants paying service charges but will also be of interest to landlords, managing agents, resident management companies and others charged with the collection of service charge monies.

The guidance has been agreed with the co-operation of the Financial Services Compensation Scheme (FSCS) and sets out our understanding of how service charges would be treated in the event of a collapse of a regulated financial institution. It does not however constitute financial or legal advice, is without commitment and is not binding on either the part of the Financial Services Compensation Scheme (FSCS) or the Department for Communities and Local Government.

Published 17 April 2009