Examples of Service Charge Cap in a sentence
End of year statements As soon as reasonably practicable and in any event within 3 months after the end of each Service Charge Year, the Landlord will prepare and send to the Tenant a certificate showing the actual Landlord’s Expenses and the actual Service Charge for the relevant Service Charge Year provided that if the Service Charge exceeds the Service Charge Cap for that Service Charge Year the certificate shall also specify the amount actually payable by the Tenant.
The Tenant will pay the estimated Service Charge for each Service Charge Year in four equal instalments on each of the Quarter Days provided that the Tenant shall not be obliged to pay more than the Service Charge Cap for each Service Charge Year.
If in any Service Charge Year the Landlord’s estimate of the Service Charge is less than the actual Service Charge, the Tenant will pay the difference within 20 Working Days of written demand provided that if the Service Charge exceeds the Service Charge Cap for that Service Charge Year the Tenant shall only be obliged to pay the difference between the estimate of the Service Charge and the Service Charge Cap.
Service Charge Cap The Service Charge payable under this Part 2 by the Tenant for each Service Charge Year shall not be in excess of the Service Charge Cap for that Service Charge Year.
Rent Review Once every f ive years Service Charge Lessee to contribute to any service charge regime which the Landlord has in place for the management of Plot H1 and pay a proportionate part of the service charge which relates to the Affordable Workspace and to pay any applicable estate service charge fee subject to the Service Charge Cap.