Residential service charges are subject to statutory control. In the commercial world, however, many a tenant has been mauled by what might be seen as the law of the jungle! Despite the RICS Service charge code now being in its third edition, it hasn't had to be observed.

All that might be changing with the fourth edition, out for consultation until December 6th. Described as a "momentous step", the new code, based on work with major organisations, will impose on RICS members managing a service charge mandatory professional requirements. So, if you have anything to say about this, now is your chance - tell the RICS now.