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Field Name (Standard Name)?: ProfessionalManagementExpense

Definition (May contain rules that must be observed)

The annual expense that is not paid directly by the tenant and is included in the Operating Expense calculations. This is for a management company. Use ManagerExpense for a individual manager.

Page Revision Date: Jul 03 2014 

Form: PropNoLookupResourceField

2 Comments

  1. Per 4/20 workgroup, changed length from 9 to 14.2. Some areas include cents in their income and expense figures.
  2. 12/4/13 - Updated definition to clarify difference between a professional management company and an individual manager. 7/3/14 BOD Change Approved.