"Occupancy expenses" refers to the various costs associated with using or living in a space, such as rent, utilities, and maintenance fees.
Full definition
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.
In all, the moves are expected to reduce Barnes & Noble's
annual occupancy expenses by $ 10m and reduce its future lease commitments by $ 102m.
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.
But the 40 - basis - point hit was largely due to
rising occupancy expenses tied to the growing discount Nordstrom Rack business and expansion in Canada — «growing pains,» according to Cramer.
According to 990 filings, office expenses increased from $ 1.76 MM in 2014 to $ 4.8 MM in 2015,
occupancy expenses increased from $ 2.82 MM in 2014 to $ 6.12 MM in 2015, misc.
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
The deal remains in effect even if Silda starts living with someone, but she has to give up her maintenance payments and pay «all
the occupancy expenses» for the apartment if she remarries.
Two examples are timekeeper compensation and
occupancy expenses.
Direct margin is revenues minus the specifically allocated expenses discussed in the previous section, such as timekeeper compensation and
occupancy expense.
These major expenses include compensation and benefits and
occupancy expense.
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.
Occupancy expense could be allocated to a matter first by assigning the occupancy expense for an office to lawyers resident in the office in proportion to the lawyers» relative individual office sizes.
Firms are becoming more active in looking for space, but they also face issues in controlling leasing and
occupancy expenses.
«This is not going to be a cyclical change in
our occupancy expenses, but a permanent lowering of the cost of our real estate.»