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Management |
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- Management Fee charged for the management of the park
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- Administration - Site supervision, Health & Safety compliance, auditing accounts and costs of any site staff. Data for this heading is provided in various headings from different contributors. The use of this summary heading while not referred to in the Code of Practice enables results to be shown in a consistent manner for comparison
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Utilities |
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- Costs of electricity, gas and water paid for by the landlord
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Soft Services |
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- Landscape/Cleaning - Cleaning and Landscaping. These two headings have been combined as they often overlap and some operators will put spend under one heading and some in the other. We have sought to avoid this confusion by pulling the figures together
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- Security - Cost of security cover and security equipment
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- Promotion - Any promotional costs recovered via the service charges
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Hard Services |
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- Fabric, Drainage and M&E repairs and maintenance. This also includes exceptional expenditure because it is still rarely provided seperately
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Income |
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- Any income credited to the service charge from lettings or interest
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Insurance |
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- Insurance premiums have been excluded from this analysis as in a lot of parks insurance costs are not included in service charges
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Exceptional Expenditure |
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- Data included within hard services
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These cost headings have been prepared to follow the RICS Code Of Practice - Service Charges in Commercial Property. |