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The average annual property service charge in Britain is £1,863 The service charges for new builds are 96 per cent higher than older properties and average £2,777 A third (33 per cent) of management companies have increased service charges in the last two years Service charges vary between £1.55 per square foot to £7 per square foot New research by Landlord insurance provider, Direct Line for Businessre [ 1 ] , reveals property service charges are rising rapidly with a third ( 33 per cent ) of management companies increasing these fees in the last two years. The average service charge or fees leaseholders pay to cover their share of the overall building maintenance, now stands at £1,863. This cost alone represents more than two months of the average monthly rental income received by landlords,  The average UK rental value excluding London was £740pcm - this is 5.5% higher than last year (£702pcm) [2]   . In addition to this, they will also have other costs to th...