Costs charged by third parties for the administration, technical and commercial management of real estate. A property management engagement typically involves the managing of property that is owned by another party or entity. This includes property advisory services.
Global Definitions Database
Property management costs
Related
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 acquisition costs
Direct costs related to a specific property acquisition such as transfer tax, legal costs, due diligence or other closing costs. These exclude cost...
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...