A policy or legal clause that defines which expenses will be allocated to the property or fund or will be covered by the Manager under the Asset Management Fee.  

The ratio of expenses to gross income; a typical expense ratio is the relationship of normal expenses to effective gross income.

Costs which are paid back to a landlord by a tenant; generally includes property taxes, property insurance, maintenance and repair costs, and other operational expenses; at the end ...

The level (or maximum amount) up to which the landlord will pay certain operating expenses; amounts above the stop are the responsibility of the tenant.

An additional time period, usually a year, that may be used to extend the Investment Period or Term of an investment vehicle.

An economic term that describes a third-party factor that has a positive or negative impact on an individual or firm where the third party factor has no direct control over the cre ...

The main exterior face of an improvement.

The rental obligation, expressed in dollars, as specified in a lease; also known as “contract rent” or “stated rent”.

The negative impact of fees on investment returns.

The positive impact on fees on investment returns from the under reporting, or non-capture, of all expenses.