What is a Office Service Charge? Are there also service charges for office space?
Service charges in commercial and office spaces are variable costs in addition to the so-called bare rent that arise from using and maintaining the property. These costs are initially incurred by the property owner or landlord and passed on to the user or tenant. Service charges are usually subject to an advance payment application based on an estimate of expected costs. Subsequent settlement takes place based on actual usage and/or costs incurred. Settlement is always on a m2 basis.
Examples of service charges for commercial and office space.
Service charges include gas, water, light, maintenance of technical equipment such as elevators, fire security and alarm systems. A staffed reception desk, security, cleaning of common areas, window cleaning and garbage collection.
Service charges and rent at Co-Office.
At Co-Office, when you rent office space, it always includes service charges. The expected service charges are included in the rent and are not charged separately. There is no advance payment applicable and no subsequent settlement if the costs incurred are higher or lower. In addition, renting in a business center also often includes some additional services such as WiFi, Coffee and use of meeting rooms.