Occupancy expenses of the current facility are lower than other options at only $ 9 per square foot.
This action will result in a net reduction of annual
occupancy expenses of approximately $ 10 million, reducing the Company's future lease commitments by approximately $ 102 million.
Not exact matches
Either way, make certain that your
expenses won't increase within the first 12 months
of your
occupancy.
Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults,
occupancy rates, foreign currency exchange rates (such as the US - Canadian rate), selling prices
of properties held for disposition,
expenses (including salaries and employee costs), insurance costs and numerous other factors.
The leases include certain lease incentives, payment escalations and rent holidays, the net effect
of which is being recognized as a reduction to rent
expense such that rent
expense is recognized on a straight - line basis over the term
of occupancy.
Corporate
expenses are comprised
of compensation for corporate employees, rent and
occupancy for corporate headquarters and general and administrative
expenses related to our corporate overhead.
Examples
of general
expenses include book and electronic library subscriptions, technology infrastructure costs, compensation and benefits for most administrative staff and
occupancy costs for administrative staff.
The portion
of occupancy expense for an office relating to administrative (non-time keeper) staff performing functions for the firm as a whole should not be allocated this way, but rather should be allocated in the manner used for general
expenses, as will be discussed in Part 2
of this post.
In calculating profits per office, instead
of using the two - step method used above for matter profitability — allocating
occupancy expense first to lawyers then to the office —
occupancy expense could be allocated directly to each office.
Their expectation was that high
occupancy and rental rates at the one -
of - a-kind Trump International Hotel would provide healthy returns, even after deducting monthly
expenses such as property tax, mortgage payments and housekeeping.
The following exclusions apply to Trip Cancellation, Trip Interruption, Single
Occupancy Supplement, Trip Delay, Missed Connection, Emergency Accident and Sickness Medical
Expense, Coma, Felonious Assault, Emergency Medical Evacuation and Medically Necessary Repatriation, Return
of Mortal Remains, Baggage Delay / Baggage Delivery, and Baggage and Personal Effects.
Created detailed budget / actual reporting templates and processes for $ 20 million annual
Occupancy expense to enable granular visibility to variances and areas
of potential cost savings
Develop and implement successful strategies regarding labor,
occupancy growth, revenue growth,
expense control, and quality
of services, and review and redirect activity.
Woodward Management Partners • Decatur and Johns Creek, GA 06/2008 — 08/2012 Property Manager Oversee the leasing needs
of a 120 - unit midrise including controlling
expenses, processing payables, and maintained a staff to keep property
occupancy.
The New York court requires that divorcing spouses attend a preliminary conference, at which the parties try to decide
occupancy of the marital home, daily care for any children and payment
of expenses.
This is primarily because
of the low
occupancy in the beginning (which produced negative income for the first year) and the ultra-high interest
expense on the hard money loan.
On the subject
of budgeting, brokers listed online marketing and technology as some
of their top investments; also included were administrative, office
expenses, labor, rent
occupancy, advertising, recruiting and training.
However, it is also possible that, all else being equal, the higher reimbursement rates for higher acuity patients will mitigate some
of the pressure on cash flow from lower
occupancy, as long as the volume
of patient admissions is strong and
expenses (e.g., labor
expenses) do not increase more than the incremental revenue.
A detailed summary
of income,
expenses occurred by us on your behalf (maintenance, etc.) and vacancy /
occupancy rates are mailed at the end
of every fiscal year.
«In the past, real estate investors needed access to the MLS, rental income data,
expenses like HOA fees,
occupancy rate, insurance, taxes, mortgage calculators and the sale price
of homes sold nearby,» Lyons explains.
Total loan production
expenses — commissions, compensation,
occupancy, equipment, and other production
expenses and corporate allocations — took a giant leap up and increased to $ 8,025 per loan in the first quarter, up from $ 6,959 in the fourth quarter
of 2013 and $ 6,368 in the third quarter
of 2013.
If you can increase economic
occupancy (the number
of people actually paying rent each month), improve conditions and raise rents, and operate the property where you are maintaining everything and adding things like water conservation that reduce
expenses you can dramatically increase the value
of the property on just a 10 % increase in NOI.
At the same time, a number
of REITs and private equity investors are keeping capital on the sidelines to take advantage
of potential upcoming stress in the market as some
of today's operators struggle with falling
occupancy rates and rising
expenses.