Hey, so I can tell you what is service charge in property management. Service charges in the context of property management here in India refer to a fee paid by the house owners to cover the costs for maintaining and managing the property during their absence.
Houseowners hire property management companies when they are physically far from the property, like say someone is an NRI or resides in another state, so here the property management company manages the property completely.
The service charge goes towards the repairs, daily upkeep and maintenance of the property done by the company. Like if you are still confused, service charges are expenses covers for cleaning, security and all of the property.
Determiners for Service Charges
Now the terms of the service charge is discussed beforehand at the time of hiring the property management company and have a set timeline like monthly or yearly. Based on the actual maintenance and expenses, the service charges can change.
Another aspect is the property type and size. Office spaces differ from residential properties in terms of the upkeep to be done. Larger spaces require more maintenance, so the service charges are usually higher for these properties.
Hope this will be of use to you.
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What is Service Charge in Property Management?
riya21
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37 days
2025-11-22T18:43:02+00:00 2025-11-22T18:43:04+00:00Comment
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