What are special charges in a lease typically related to?

Prepare for the RECA Property Management Exam with multiple choice questions that offer hints and explanations. Ace your exam!

Special charges in a lease are typically related to specific costs that arise outside the typical operating expenses covered in common areas like maintenance and utilities. This can include unique expenses that are incurred due to the specific needs of the property or the requirements of tenants.

In the context of property management, advertising and promotion can be considered a type of special charge because they are additional costs incurred to attract tenants, especially in a competitive rental market. Expenses for advertising and promotional efforts are not part of the regular operating expenses, and as such, they often get categorized as special charges.

Maintenance costs, capital improvements, and tenant recruitment fees, while important, generally relate to regular operational budgeting and management, rather than being viewed as special charges directly linked to unique costs of lease agreements.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy