What does Operating Expenses mean?

Operating expenses are the ongoing costs associated with owning or operating a property, such as property taxes, insurance, utilities, and maintenance. These expenses are typically separate from the cost of purchasing the property and the cost of financing it. In commercial real estate, operating expenses are used to determine the overall expense of operating a property and to compare the costs of different properties.

Related Terms

Jumbo Mortgage Government National Mortgage Association Comparables For Sale By Owner aka FSBO Installment Contract Estimated Increase In Equity Split-Level Style Power of Attorney Remaining Term Federal Trade Commission Saltbox Style Assumable Mortgage Facade Bed Tax Endorser Common-Area Assessments Employer-Assisted Housing Standard Payment Calculation