Guidance

Financial Services Compensation Scheme: service charges for residential property

This publication was withdrawn on 8 July 2015

This document has been archived because the rules under which Financial Services Compensation Scheme considers deposit claims changed on 3 July 2015, and the existing guidance does not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

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

Document

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

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Detail

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.