Service charge means different things in different industries. For example, in the banking industry, it is a monthly charge to account holders to maintain their accounts. When booking a flight, a service charge is added to your total cost, covering expenses for entertainment, baggage handling, etcetera. In real estate, a service charge is money paid by the leaseholder (tenant) to the landlord for the services the landlord is obliged to provide under the lease terms. In essence, it is money charged for services rendered and is often included in the total rent on a property. 

Read More