Numerous costs and expense are incurred in the operation (leasing) of a property. Depending on the lease agreement, some of these costs/expenses can be recovered from tenants. Therefore, they are sometimes distinguished as “recoverable” and “non-recoverable” costs or expenses. Proper recording of these costs is become more critical and important since not all costs are expensed the year they are incurred—some of these are deferred and amortized over the useful or beneficial periods.   This post provides guidelines on how [...]