Direct costs related to a specific property acquisition such as transfer tax, legal costs, due diligence or other closing costs. These exclude costs of running an acquisition program such as general and administrative costs, costs incurred in analysing proposals that are later on rejected, joint-venture organizational costs or fees paid to the manager for execution of the deal.
Global Definitions Database
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Property insurance costs
Expenses related to insurance coverage which is often required by lenders which compensates a property owner and/or lender should the property be d...
Utilities, repair and maintenance costs (non-rechargeable portion)
Shortfalls between the property operating expenses (incl. repairs and maintenance) incurred by the owner of an investment property and the expenses...
Property management costs
Costs charged by third parties for the administration, technical and commercial management of real estate. A property management engagement typical...
Taxes on property related activities
Taxes assessed against real property, usually by a country or municipal taxing authority but sometimes also by special purpose districts and agenci...
Project management costs
Costs charged by third parties for guiding the design, approval, and execution of a renovation project, as well as construction process of a develo...