The following Property Q&A Produced in partnership with Paul Cole of Clyde & Co provides comprehensive and up to date legal information covering:
As a general statement, it is only RICS members and RICS regulated firms that must comply with or have proper regard to the Service Charge Statement (see below). If the client and/or its surveyors are not RICS regulated, then they are not required to follow its provisions.
As a general practice point, it is worth noting that non-RICS lawyers are not required to comply with the Service Charge Statement, but they should have regard to the fact that their RICS-registered clients, and/or their RICS-registered members, may have to comply with the Service Charge Statement.
As to compliance by RICS-regulated clients and their surveyors, the Service Charge Statement contains:
nine mandatory requirements-RICS members must comply w
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