Definition
OpEx does not include debt service, capital expenditures, or depreciation. Careful expense classification matters for owner statements and NOI accuracy.
Ongoing costs of running a property: taxes, insurance, maintenance, utilities, and management.
OpEx does not include debt service, capital expenditures, or depreciation. Careful expense classification matters for owner statements and NOI accuracy.
A property's annual OpEx includes $12,000 taxes, $3,000 insurance, and $5,000 routine maintenance.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.