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In a real estate context, operating expenses include costs associated with the operation and maintenance of an income-producing property. Operating expenses include: salary and wages; accounting expenses; license fees; maintenance and repairs, such as snow removal, trash removal, janitorial service, pest control, and lawn care; advertising ...
Real estate expenses, including Rent or Lease payments; Office space rent; furniture and equipment; investment value of the funds used to purchase the land, if it is owned instead of rented or leased; property taxes and equivalent assessments; Operations taxes, such as fees assessed on transportation carriers for use of highways
In commercial real estate, recoverable expenses are those expenses of running a property that are billed back to the tenants as a form of additional rent.A simple example is the electricity bill for a large complex that is then divided up among the tenants.
Year-over-base caps allow the cap to raise each year by a certain, predetermined percentage of a pre-determined, initial (base) CAM charge. Year-over-year caps mean the percentage increase applies not to a base amount, but to the actual CAM charge of the previous year. Cumulative caps allow the yearly percentage increase of the CAM Cap to ...
Real estate contingencies provide a way for one or both parties to back out of a real estate contract if certain specified conditions are not met — in other words, the sale is contingent upon ...
Porter's wages is an accounting method used in commercial real estate to calculate inflation of certain recoverable expenses.. The term "porters" normally refers to people who carry objects, like bellhops in hotels, but for historical reasons in the United States it also came to cover the cleaning and maintenance staff as they were represented by the same unions.
Ken H. Johnson, a real estate economist at the University of Mississippi and a former real estate broker, says the new rules add another layer of complication to an already-confusing process.
The worst that could happen is that you're not wild about it and move on to another budgeting system, meaning you have nothing to lose by trying. Show comments. Advertisement. Advertisement.