Commercial Leases · glossary
A ceiling on what the tenant pays towards the service costs. For each of the first five years Linnet pays no more than £5,000 (clause 8.2). Anything above that is Fellgate's own cost and is not carried forward, so Fellgate cannot collect it in a later year. Lease 8.2 · Chapter 5 · see Service charge
Explained in Chapter 5, Service Charge and Insurance, of Commercial Leases.
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