administrative expenses

Administrative Expense

An expense that a company is required to spend but that is difficult to associate with a specific item. Examples of costs grouped under administrative expenses include utilities, office supplies, and postage costs.

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administrative expenses

Compensation to management for operating or building a property; may include salaries and professional fees.Contrast with operating expenses,reserves for losses,and reserves for repairs.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.