English translation: service and maintenance charges
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16:50 Jun 30, 2007
French to English translations [PRO] Bus/Financial - Finance (general) / P&L account
French term or phrase:charges locatives
an item in a list of expenses relating to a property
Explanation: "service charges" is normally used in the UK
“Service charges” cover two things. Firstly, the costs of keeping in good order estates and facilities that are likely to be used by tenants of the area as a whole, not just one property. Second, the costs of facilities provided to individual blocks.
To expand on this; The cost of repairing, say, the front door to your own home is covered in the “rent” because only you will benefit from that. Things like grass cutting and lift maintenance benefit everyone who lives in the area and/or block and it is right that they pay a share of those costs. http://www.ph2k.org.uk/homes4u/rent_faq.htm