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Debunking the Myth – Repair Expense Gross-up?

Debunking the Myth – Repair Expense Gross-up?

Introduction/Summary In the real estate industry some publications and bodies that cater to property owners and managers promote the concept that repairs and maintenance expenses such as light bulb changes replacements and tenant services requests are subject gross-up because they are provided to the tenant’s premises.  However, unless specifically stated in the lease agreements between […]

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Debunking the Myth – Management Fee Gross-up?

Debunking the Myth – Management Fee Gross-up?

Introduction – Management Fee Gross-up Myth In the real estate industry the prevailing view, a myth, is that premises management fees, in addition to true occupancy-dependent premises cleaning costs and premises Utilities costs are the three primary building Operating Expenses subject to the gross-up adjustment solely because the costs of all three typically vary with building occupancy fluctuations.  […]

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