Below are Ineligible Miscellaneous Expenses and expenses that are Eligible to be included in the Expense portion of the RPIE.
Ineligible Miscellaneous Expenses |
Eligible Miscellaneous Expenses |
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Air rights |
Late charges |
Petty cash | ||
Alterations |
Lawsuit settlement |
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Amortization (except leasing) |
Lease cancellation costs |
Special assessments | ||
Appliances |
Lease surrender |
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Appraisal fee |
Leasehold interest |
Sundry | ||
Architects fees |
Lien |
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Automobile expenses |
Local law 5 or 10 filing fee |
Lease buy-out | ||
Bad debt |
Management training |
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Bank Charges |
Merchant's association dues |
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Blanket insurance policies |
Miscellaneous expense |
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Bond premium |
Mortgage Interest |
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Building rent |
Negative (bracketed) amounts |
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Business insurance |
Occupancy tax |
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Business organization expenses |
Office rent |
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Officers' salaries |
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Capital improvements |
Organization expenses |
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Car fare |
Partners' salaries |
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Certificate of occupancy costs |
Penalties |
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Certiorari costs |
Personal insurance |
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Christmas expenses |
Pointing - over $500 |
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Claims of any kind |
Projected expenses |
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Closing costs |
Pro-rated expense of any kind (except leasing and insurance) |
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Commercial rent tax |
Public phone charge |
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Commitment costs |
Real estate abatement fees |
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Compactor |
Real estate fees |
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Real Estate Taxes |
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Computer purchases |
Rebates |
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Construction |
Recovery charges |
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Consultation fee (other than that specified for management or leasing |
Refunds |
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Contributions |
Reimbursements of any type |
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Corporation expenses |
Renovations |
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Corporation taxes |
Rent |
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debt service |
Rent strike settlement |
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Demolition |
Reserves for replacement |
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Depreciation |
Return of rent |
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Drawing |
Safe deposit boxes |
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Dumpster |
Superintendent's apartment and/or utilities |
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Electrical survey |
Tenant buyout |
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Engineer's fee |
Tenant holdovers |
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Equipment purchase |
Tenant moving expense |
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Estimate expenses (except real estate taxes) |
Tenant refund |
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Financial charges or expenses |
Termination fee |
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Fines |
Title insurance |
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Franchise taxes |
Transportation |
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General expense |
Travel |
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Gifts |
Unincorporated business tax |
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Ground rent |
Vacancy |
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Improvement loan |
Vacancy and loss of rent |
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In rem payments |
Vacating expense |
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Income taxes |
Variance costs |
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Insulation |
Violations |
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Intercom |
Zoning fees |
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Interest payments |
Xmas expenses |
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J51 Exemption/abatement filing fee (421 a filing fee) |
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Janitor's apartment and/or utilities |
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General expense |
Cable Service Common charges Delivery expense Furniture Health club/gym Parking Storage Write off on leasing & renting |
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