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

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

Published 17 April 2009
Type(s) Good practice and guidance
Site Housing
ISBN 978 1 4098 1316 3
Price Free

Summary

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 Communities and Local Government.

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John Healey webchat (11 February, 10.30)

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