Define: Licence Fee
the amount of PS1 per annum then as reviewed pursuant to clause 3 and which shall cover fees for the maintenance, repair and decoration of the Common Parts by the Licensor together with rates and utilities supplied durin
the amount of PS1 per annum then as reviewed pursuant to clause 3 and which shall cover fees for the maintenance, repair and decoration of the Common Parts by the Licensor together with rates and utilities supplied during the Designated Hours but which for the avoidance of doubt shall exclude the Facilities Charge.
Relevant Circumstances
- When a tenant pays a single annual fee covering occupation and ancillary services
- If maintenance, rates and utilities are bundled into the licence fee
- Where review mechanisms allow the fee to be updated periodically