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RPIE - 2020

WORKSHEET

Real Property

Income and Expense

Worksheet and Instructions

This is NOT the RPIE form.

This document is designed to as- sist you in completing all RPIE forms on our website.

RPIE-WORKSHEET

nyc.gov/rpie

Revised 2.10.2021

2020 REAL PROPERTY INCOME AND EXPENSE WORKSHEET AND INSTRUCTIONS

FILING DEADLINE: JUNE 1, 2021

This is NOT the RPIE form. You MUST file all RPIE forms electronically. This form

is to be used for worksheet purposes only.

GENERAL INFORMATION

Please note that this worksheet and instructions do not apply to the following specialty property types: hotels, adult care/nursing home facilities, gas stations, car washes, oil change facilities, self-storage, theatres or con- cert halls. These property types are covered in their own instructions that you can download from nyc.gov/rpie.

Owners of income-producing properties with an Actual Assessed Value of more than $40,000 as stated on the 2021-2022 Tentative Assessment Roll are required to file Real Property Income and Expense statements (“RPIE”) or a Claim of Exclusion annually with the Department of Finance (“DOF”). The department uses this and/or information from similar properties to estimate the market value of property for tax purposes.

Even if your income-producing property has an Actual Assessed Value of less than $40,000, you may still want to provide information about your property electronically to assist us in providing a more accurate estimate of its market value.

RPIE EXCLUSIONS

How do you file a Claim of Exclusion?

To file a Claim of Exclusion, you must complete Section D of the RPIE-2020 form. Owners of real prop- erty who are not required to file income and expense information must submit a Claim of Exclusion each year.

Please note: If you own the property but have no knowledge of the income and expenses for the entire calendar or fiscal year, you must file a Claim of Exclusion.

Who does not have to file an RPIE or Claim of Exclusion? Owners with:

Properties that have an Actual Assessed Value of $40,000 or less.

Residential properties containing 10 or fewer dwelling units.

Tax class 1 or tax class 2 properties with six or fewer dwelling units and no more than one commercial unit.

Special franchise properties.

IMPORTANT FILING INFORMATION

Online Filing Requirement -- All filers are legally required to file electronically unless Finance grants a waiver. Filers who wish to request a waiver from the electronic filing should call 311 for an application or download the application from nyc.gov/rpie. The deadline for electronic waiver requests is May 3, 2021.

Deadline -- The submission deadline for all RPIE filings is June 1, 2021.

CUSTOMER ASSISTANCE

Please call 311 or email Finance at rpie@finance.nyc.gov

Instructions for Worksheet RPIE-2020

Page 2

PART I: OWNER AND PROPERTY INFORMATION

Please check your mailing address for accuracy. Owners are responsible for maintaining a current mail- ing address with Finance at all times. You can see the mailing address on file by looking at your latest Notice of Property Value or Property Tax bill. Changes to your address can be made online at http://nyc.gov/changemailingaddress or by calling 311.

SECTION A – OWNER/FILER INFORMATION

1a. Enter name(s) of up to two owners of the property.

b./c. Enter each listed owner’s Employer Identification Number (EIN) or Social Security Number (SSN).

The Federal Privacy Act of 1974, as amended, requires the Department of Finance to inform you about whether compliance with the request is voluntary or mandatory, the legal authority to request the in- formation, and how the information will be used. Owners must provide their Social Security Number on this form under the authority of section 11-102.1 of the Administrative Code of the City of New York. Social Security Numbers are required to facilitate the processing of real property income and expense data for tax administration purposes. The Social Security Numbers may be further disclosed to other departments or agencies, or to persons employed by such departments or agencies, only for tax ad- ministration purposes, or as otherwise provided by law or judicial order.

2a. Enter the name of the person filing the RPIE. The filer may be an owner, owner representative, lessee or lessee representative who is authorized to provide this information and has knowledge of such information.

b./c. Enter the filer’s Employer Identification Number or Social Security Number.

d.Use the dropdown box to select the filer’s relationship to the property.

SECTION B - CONTACT INFORMATION

Provide contact information for the person who can respond to questions about this filing and receive the confirmation email once the RPIE is submitted. Additional email addresses for the confirmation email can be entered on the Certification page.

SECTION C – CONSOLIDATED LOTS

(To access, first check box in Section A for consolidated lots)

Consolidated lot filings apply to two or more properties that meet the following criteria:

Operate as a single economic unit

Be located in the same borough

Share the same ownership

Have the same Tax Class

All must be hotels if one is a hotel

Be located on contiguous lots*

* Contiguous lots are those that share either an edge or boundary, are neighboring, adjacent, or ad- joining. This definition can include nearby lots within the same tax block or those separated by roads or paths.

Instructions for Worksheet RPIE-2020

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Please note that consolidated lot filings are not available for the following specialty property types: adult care/nursing home facilities, gas stations, car washes, oil change facilities, self-storage, theatres or concert halls.

If your properties meet all the above criteria and you want to submit a consolidated filing, allocate the properties’ income and expense using either square footage or number of units. Select allocations by a percentage of income to each lot only if square feet or number of units is inappropriate for al- locating your properties’ income and expense.

SECTION D - RPIE EXCLUSIONS

If you are identified as a required RPIE-2020 filer, you will need to complete an income and expense form or complete a claim of exclusion in Section D. If your property is income-producing and eligible to claim an RPIE exclusion, please identify one of the exclusions listed in the section below.

Exclusions include:

a.Actual AV (Assessed Value) as shown on the Tentative Assessment Roll 2021-2022 is $40,000 or less.

b.The property is both exclusively residential and has 10 or fewer apartments, including both vacant and occupied units.

c.The property has both of the following: six or fewer residential units and no more than one com- mercial unit. Your property must be in Tax Class 1 or Tax Class 2 and the unit count must include all units whether vacant or occupied. For example, if your property has five residential and two commercial units, you must file an RPIE because you have two commercial units.

d.Residential cooperative apartment buildings with no more than 2,500 square feet of commercial space (not including garage space). To claim this exclusion you must still complete the RPIE-2020 (Parts I and IV). An RPIE is required for unsold sponsor-owned units if 10% or more of the units remain unsold.

e.Individual residential units in a condominium building/development. For a residential condominium that has commercial space, professional space, and/or has 10% or more unsold sponsor-owned units, an RPIE must be filed for the commercial space, professional space or the unsold spon- sor-owned units. An RPIE must also be filed for residential units that are rentals and not intended to be individually owned.

f.If the property is rented exclusively to a person or entity related to the owner:

Business entities under common control

Fiduciaries and the beneficiaries for whom they act

Spouse, parents, children, siblings and parents in-law

Owner-controlled business entities

g.The entire property is owner-occupied. This exclusion does not apply to owners of department stores of 10,000 square feet or more, hotels or motels (whether occupied in part or in their entirety), parking garages or lots, power plants and other utility-property, adult care/nursing home facilities, gas stations, car washes, oil change facilities, self-storage, theatres or concert halls.

Instructions for Worksheet RPIE-2020

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h.The property is owned by a not-for-profit organization, government entity or is otherwise fully ex- empt from property taxes and is not rented to any commercial, non-exempt tenants. If the prop- erty is rented to a commercial, non-exempt tenant, the filing requirement may be satisfied by the tenant or lessee filing an RPIE on behalf of the property.

i.The property is vacant or uninhabitable and has no existing leases. If there are any existing leases, the owner must file the RPIE.

j.“Vacant, non-income-producing land” applies to empty lots only.

k.The owner has not operated the property and is does not know the income and expenses for the entire calendar or fiscal year of the reporting period.

If you claimed exclusion(s), but still want to file income and expense information with the Department of Finance, select “OK” at the pop-up message prompting you for a response on voluntary filing.

SECTION SF - Short Form

You have the option of completing a one-page short form or the standard form if your property has an Actual Assessed Value of $250,000 or less and is not one of the following: hotels, adult care/nursing home facilities, gas stations, car washes, oil change facilities, self-storage, theatres or concert halls. If you are eligible to submit the short form, you will be prompted to choose the either the short or stan- dard RPIE form once you complete the preliminary screens. The short form is a simpler reporting op- tion for owners of properties with lower Assessed Values.

PROPERTY USE, VACANCY AND INCOME INFORMATION

1.Commercial Income:

Units: Enter the number of commercial units.

Owner/Owner-Related Occupancy Percentage: Enter the percentage of commercial square feet that the owner or other filer uses for his/her own business. Also, include any space occupied by persons or entities related to the owner or other filer, even if rent is charged.

Vacancy Percentage as of January 5, 2021 Indicate the percentage commercial space that was vacant (unoccupied and un-leased, generating no income) as of the taxable status date--January 5, 2021.

PLEASE NOTE: If the sum of total owner and/or owner-related occupancy and total vacancy ex- ceeds 25%, please consider using the RPIE-2020 standard form to give more detail on these items.

Income ($ per year): Total the following categories of income and report under Commercial In- come:

a.Commercial Rental Tenants: Amount received for the following categories: office, store, re- tail tenants, restaurants, offices and any other leased commercial areas. Exclude residential rent and rent from tenants related to the property owner.

b.Sale of Utility Services: Gross amount received from the sale of utilities and services, such as electricity, gas, steam, water, air conditioning, and telecommunications. Do not deduct the landlord’s costs

Instructions for Worksheet RPIE-2020

Page 5

c.Sale of Other Services: Gross amount received for laundry, valet services, vending machines, etc.

d.Operating Escalation Income: Any additional rent received above the base rent, as provided in the lease, for pass-throughs or increases in operating expenses, porters’ wages, Con- sumer Price Index clauses, etc.

e.Real Estate Tax Escalation: Any additional rent received above the base rent, as provided in the lease, for pass-throughs or increases in real estate taxes.

f.Storage.

g.Garage/parking.

h.Factory.

i.Warehouse.

j.Other income: Any income generated by the property that has not been previously specified; typical examples include common area maintenance income or common area rental charges.

Do not include interest on bank accounts or tenants’ deposits.

2.Residential Income:

Units: Enter the number of residential units.

Owner/Owner-Related Occupancy Percentage: Enter the percentage of residential units that the owner or other filer uses for his/her own residence. Also, include any space occupied by persons or entities related to the owner or other filer (such as the superintendent), even if rent is charged.

Vacancy percentage as of January 5, 2021: Indicate the percentage residential space that was va- cant (unoccupied and un-leased, generating no income) as of the taxable status date — January 5, 2021.

PLEASE NOTE: If the sum of total owner and/or owner-related occupancy and total vacancy ex- ceeds 25%, please consider using the RPIE-2020 standard form to give more detail on these items. Income ($ per year): Total the following categories of income and report under Residential Income:

a.Residential Regulated Tenants: Amount received for regulated apartments. Regulated apart- ments are subject to rent control and/or rent stabilization. For more information, please con- tact the Rent Guidelines Board at www.nycrgb.org.

b.Residential Unregulated Tenants: Amount received for unregulated apartments.

c.Government Rent Subsidies: Portion of rent that comes from direct rent subsidies that are received, as well as any abatement of real estate taxes or carry-over amount that is received for the Senior Citizen Rent Increase Exemption (SCRIE), Federal Section 8 housing subsidies, and similar programs. Only the portion of rent that comes from government rent subsidies should be included in this calculation. Do not double count any rent paid directly by the tenant.

Instructions for Worksheet RPIE-2020

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3.Cell Site Income:

Units: Enter the number of cell towers or antennae anywhere on the property.

Income: $ Amount received for placing a cell tower or antenna anywhere on the property.

4.Signage/Billboard Income:

Units: Enter the number of rented signs or billboards anywhere on the property.

Income: Dollar amount received for renting any signs or billboards anywhere on the property

PROPERTY OPERATING EXPENSES

Use this section to report operating expenses for your property. Allowable expenses include those as- sociated with providing services to tenants, property management and property administration. Enter the total expenses for 2020.

1.Utilities: Include total expenses for:

a.Fuel: Total for fuel oil, gas or steam, including gas provided to tenants.

b.Light and Power: Amount paid for electricity, including electricity provided to tenants. Do not include electricity consumed by the owner or other filer(s) for personal or business use.

c.Water and Sewer: Amount paid or incurred for water and sewer frontage or usage.

2.Other: Include total expenses for:

a.Cleaning Contracts: Include contracts with cleaning-service companies or individual cleaners.

b.Wages and Payroll: Include all wages, related payroll taxes and employee benefits for building maintenance employees who work at the property. Do not include salaries of employees who work in any off-site management office.

c.Repairs and Maintenance: Amounts paid or incurred for contracts with maintenance compa- nies. Include any amounts that were paid for routine repair services and for material or parts used for repairs. Do not include reserves for replacements.

d.Management and Administration: Amount paid or incurred for contracts with a management com- pany. Include office expenses and legal/accounting services related to the operation of the property.

e.Insurance (annual): Annual charges for fire, liability, and other insurance premiums paid to pro- tect the real property. Pro-rate multi-year premiums to calculate an average annual expense.

f.Advertising: Amount paid or incurred for advertising space available for rent.

g.Interior Painting and Decorating: Cost of contract services and materials for interior painting and interior decoration.

h.Miscellaneous: The miscellaneous field should be reserved for petty cash, lease buy-out, special assessments and sundry.

Instructions for Worksheet RPIE-2020

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Do not include real estate taxes, bad debt, depreciation or mortgage interest in Other expenses.

While these may be listed in this section, they are not eligible for valuing real estate for NYC property tax purposes. Also do not include amortized leasing costs or amortized tenant improvement costs. If you want to itemize these two costs, please use the RPIE-2020 standard form.

Total Expenses: Total expenses (the sum of lines 1 through 3).

SECTION E – PROPERTY USE AND VACANCY INFORMATION

1.Description:

a-c. Units: Enter the number of residential units and the number of commercial units. The total number of units will be calculated for you.

d.Number of Buildings: Where the property consists of more than one building (such as a con- dominium development, a parking garage complex, an apartment complex, or a shopping center), enter the total number of buildings that comprise the entire property for which this RPIE form is being filed.

e-f. Outdoor/Indoor Parking Information: Enter the number of outdoor parking spaces and the number of indoor parking spaces.

g.Year of Purchase: Provide the year the property was bought or leased, or, if the building was built for the current owner, list the date of construction. Not required if the property is a cooperative.

2.-13. Percentage Vacant: Indicate the percentage of each type of space that was vacant (unoccupied and un-leased, generating no income) as of the taxable status date — January 5, 2021. Percentage vacant should be reported separately for each type of unit. Totals may exceed 100%. For exaple, if you identify four use types, each with a vacancy rate of 30%, the total will exceed 100%.

SECTION F - TO BE COMPLETED ONLY IF THE PROPERTY IS A COOPERATIVE OR CONDOMINIUM

For this section, information is required for unsold sponsor-owned units if 10% or more of the units re- main unsold. Information in this section must be current as of the last day of the reporting period.

1.List the number of occupied units that are unsold and still owned by the sponsor, cooperative or condominium and provide the annual income received.

2.List the number of leased commercial units in the cooperative or condominium and the annual in- come received from these commercial units.

3.List the number of commercial cooperative and/or condominium units that are owner-occupied.

NOTE: Do not include maintenance in SECTION F or SECTION J.

SECTION G – THIS SECTION IS NO LONGER USED

Instructions for Worksheet RPIE-2020

Page 8

SECTION H - LEASE AND OCCUPANCY INFORMATION

If you are filing as property owner and you have multiple tenants with different lease agreements and all tenants do not pay triple net expenses, please do not fill out SECTION H and continue onto

SECTION J.

1)

Indicate if the tenant leases the entire property.

Yes

No

2)

Indicate if the tenant pays utility expenses.

Yes

No

3)

Indicate if the tenant pays maintenance and repair expenses.

Yes

No

4)

Indicate if the tenant pays property tax for the space occupied.

Yes

No

5)

Enter the amount of Annual Rent paid to the Property Owner.

______________

6)Indicate if the net lessee or owner related party subleasing is any of the property.

 

a) If yes, list the number Square Footage.

______________

 

b) If yes, list the Use of Space.

______________

 

c) If yes, enter the Annual Rent.

______________

7)

Indicate if you are filing as ground lessor.

 

 

a) If yes, enter the Ground Lease Amount that you are receiving.

______________

 

A ground lease is a lease in which the right of use and

 

 

occupancy of land is granted.

 

8)Owner Occupancy:

a)Indicate if any of this property owner-occupied or occupied by a related party? Yes No

b)If yes, for residential properties, list the number of units occupied by the owner, related party and/or superintendent: ________ units.

c)If yes, select the type(s) of owner-occupancy (all that apply – maximum of 5):

Residential. _______%

Office _______%

Retail _______%

Loft _______%

Factory _______%

Warehouse _______%

Storage _______%

Garage/Parking _______%

Other _______%

Owners who have not operated the property and are without knowledge of the income and expenses of the property for the entire calendar or fiscal year of the reporting period, are not required to complete PART II. You are required to complete a Claim of Exclusion for partial year information (Section D.k.) if this applies to your property.

Instructions for Worksheet RPIE-2020

Page 9

PART II: INCOME AND EXPENSE STATEMENT

NOTE: In Sections J through L (II), report the property's actual income and expenses. Do not list negative figures on the statement to reflect unrealized or potential income such as free rent, uncollected income or credits due. Finance will disregard any negative figures included on the in- come and expense statement.

SECTION I - REPORTING PERIOD

1-2. Indicate whether the RPIE filing is for a calendar, fiscal or partial year, and enter the start and end dates of the reporting period.

SECTION J – INCOME FROM REAL ESTATE

For each applicable category of property and income, enter the number of units and annual income in the columns provided. Regulated apartments are subject to rent control and/or rent stabilization. For more information, please contact the Rent Guidelines Board at www.nycrgb.org.

PLEASE NOTE: Do not include maintenance in SECTION F or SECTION J.

Number of Units: Number of rental units for each property type.

Income: Total rent received for tenant occupied space.

9.Owner-occupied or Owner-related Space: Number of units that the owner or other filer uses for his/her own residence or business. Also, include any space occupied by persons or entities related to the owner or other filer (such as the superintendent), even if rent is charged.

10.Ancillary Income:

a.Operating Escalation Income: Any additional rent received above the base rent, as provided in the lease, for pass-throughs or increases in operating expenses, porters’ wages, Con- sumer Price Index clauses, etc.

b.Real Estate Tax Escalation: Any additional rent received above the base rent, as provided in the lease, for pass-throughs or increases in real estate taxes.

c.Sale of Utility Services: Gross amount received from the sale of utilities and services, such as electricity, gas, steam, water, air conditioning, and telecommunications. Do not deduct the landlord’s costs.

d.Sale of Other Services: Gross amount received for laundry, valet services, vending machines, etc.

e.Government Rent Subsidies: Portion of rent that comes from direct rent subsidies that are re- ceived, as well as any abatement of real estate taxes or carry-over amount that is received for the Senior Citizen Rent Increase Exemption (SCRIE), Federal Section 8 housing subsidies, and similar programs. Only the portion of rent that comes from government rent subsidies should be included in this section; any portion of rent that is paid by the tenant should be listed in lines 1 a. or 1 b.

f.Signage/Billboard: Amount received from renting any signage or billboard space anywhere on the property.

g.Cell Towers: Amount received for placing a cell tower or antenna anywhere on the property.

Instructions for Worksheet RPIE-2020

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11.Other: Any income generated by the property that has not been previously specified; typical ex- amples include common area maintenance income or common area rental charges. Do not include interest on bank accounts or tenants’ deposits. You must itemize the sources of this income.

12.Total Income from Real Estate: This line provides a calculation reflecting the sum of lines 1 through 11.

SECTION K - INCOME FROM BUSINESS

Complete this section only if the property is used to operate a business such as a theater, gas station, department store, garage, parking lot, power plant, self-storage warehouse or car wash.

For each source of income listed in questions 1-7c., enter the corresponding total income for the 2020 reporting period. Net Department Store Sales will be calculated on line 7d by subtracting 7b from 7a and adding 7c (i.e., 7a - 7b + 7c = 7d).

Total all income from business will be calculated on line 8 using totals from lines 1 to 6 plus 7d (Net Department Store Sales).

SECTION L(I) - OPERATING EXPENSES

Use this section to report operating expenses for your property. Allowable expenses include those as- sociated with providing services to tenants, property management and property administration.

Enter the total expenses for following items during 2020:

1.Fuel: Include fuel oil, gas or steam, including gas provided to tenants.

2.Light and Power: Include electricity, including electricity provided to tenants. Do not include elec- tricity consumed by the owner or other filer(s) for personal or business use.

3.Cleaning Contracts: Include contracts with cleaning-service companies or individual cleaners.

4.Wages and Payroll: Include all wages, related payroll taxes and employee benefits for building maintenance employees who work at the property. Do not include salaries of employees who work in any off-site management office.

5.Repairs and Maintenance: Amounts paid or incurred for contracts with maintenance companies. Include any amounts that were paid for routine repair services and for material or parts used for repairs. Do not include reserves for replacements.

6.Management and Administration: Amount paid or incurred for contracts with a management com- pany. Include office expenses and legal/accounting services related to the operation of the property.

7.Insurance (annual): Annual charges for fire, liability, and other insurance premiums paid to protect the real property. Pro-rate multi-year premiums to calculate an average annual expense.

8.Water and Sewer: Amount paid or incurred for water and sewer frontage or usage.

9.Advertising: Amount paid or incurred for advertising space available for rent.

10.Interior Painting and Decorating: Cost of contract services and materials for interior painting and interior decoration.

Instructions for Worksheet RPIE-2020

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11.Amortized Leasing Costs: Amounts for brokers’ commissions. If the lease is for more than one year, the total broker’s commission must be pro-rated to calculate the annual expense.

12.Tenant Improvement Costs: Amounts for tenant work done by the landlord. If the lease is for more than one year, the total tenant improvement costs must be pro-rated to calculate the annual expense.

13.Miscellaneous: The miscellaneous field should be reserved for expenses that can’t be otherwise categorized, such as petty cash and sundry. Filers will be prevented from entering expense items that are ineligible. Please review the charts on pages 12 through 15 for a list of frequently mis- categorized expenses and corresponding expense categories.

14.Total Expenses: Total expenses (the sum of lines 1 through 13).

15.Expenses entered on this line will not be included in the calculation of Total Expenses in line 14. If you wish to include real estate taxes, bad debt, depreciation or mortgage interest, enter the total amount here.

SECTION L(II) - RESERVES FOR REPLACEMENT

The Department of Finance is conducting a study of building expenses paid for with replacement re- serve funds. Replacement reserves are allowances that provide for the periodic replacement of build- ing components that wear out more rapidly than the building itself and must be replaced during the building’s economic life. We are asking RPIE filers with replacement reserves to complete Schedule L(II). The information collected will be used to help evaluate the Department of Finance's treatment of such expenses.

Currently, the Department of Finance does not allow replacement reserves additions or debits to be in- cluded as expenses in computing net operating income. The reported information will not be used in computing your net operating income for this RPIE reporting period.

PART IV – RPIE CERTIFICATION

To successfully submit your RPIE filing you must certify the information by clicking “Sign and Submit.” If you do not complete this step, you will not be in compliance with the RPIE filing requirement.

Instructions for Worksheet RPIE-2020

Page 12

MISCELLANEOUS EXPENSE CATEGORIES CHART

Types of

 

Correct

Expenses

 

Category

 

 

 

 

 

 

Advertising related to specific

 

 

property rentals

 

 

Newspaper ads

 

 

NYC illuminated sign charge

 

Advertising

Promotional ads

 

 

Television ads

 

 

 

 

 

Cleaning service contract

 

Cleaning

 

 

Contracts

 

 

 

Con Ed steam

 

 

Gas for heating

 

Fuel

Oil

 

 

 

 

 

Boiler explosion premium

 

 

Fire premium

 

 

Liability premium

 

Insurance

Rent fidelity bonds premium

 

 

Theft premium

 

 

 

 

 

Brushes

 

 

Decorating

 

 

Interior Painting

 

Interior

Labor for interior decorating

 

Painting

Paint

 

and

Painting and Plastering

 

Decorating

Spackling

 

 

Wallpaper

 

 

 

 

 

Amortized leasing commissions

 

 

Brokers' fees

 

 

Consultants' fees

 

Leasing

Leasing agent's fees

 

Commissions

Leasing contracts

 

 

Prorated leasing commissions

 

 

 

 

 

City and State utility tax

 

 

Electricity

 

Light

Gas for cooking stove

 

and

NYC and NYS utility tax

 

Power

 

 

 

Types of

Expenses

A/C repairs or upkeep Air conditioning repairs or upkeep

Alarm system maintenance Appliance repairs Asbestos maintenance Asphalt repair

Boiler repairs Building repairs

Burglar and fire alarm system maintenance

Carpenters Chemicals for cleaning Cleaning Service Cleaning Supplies Electrical system repairs Electricians

Elevator repairs Emergency repair service Equipment rental Exterior painting Exterminator/Pest Control Gardening

Gas service

General maintenance and repairs Glaziers

Graffiti removal Hall maintenance Hardware

HVAC Insecticide Intercom repairs Iron work Janitorial Services Janitorial Supplies Landscaping Lawn

Lobby Maintenance

Locksmiths

Masonry

Outside labor

Parking lot repairs

Correct

Category

Repairs and Maintenance

Instructions for Worksheet RPIE-2020

Page 13

Types

 

Correct

of Expenses

 

Category

 

 

 

 

 

 

Plastering

 

 

Plumbers

 

 

Plumbing repairs

 

 

Pointing ($500 or less)

 

 

Pollution repairs

 

 

Refrigeration repairs

 

 

Roof repairs

 

 

Safety devices

 

 

Security

 

 

Sidewalk repairs

 

Repairs

Smoke detectors

 

and

Snow removal

 

Maintenance

Sprinkler system maintenance

 

 

Stairwell maintenance

 

 

Supplies necessary for

 

 

maintenance and repairs

 

 

Swimming pool maintenance

 

 

Tile repairs

 

 

Waterproofing

 

 

Welders

 

 

Window cleaning

 

 

Window guards

 

 

 

 

 

Accounting Fees

 

 

Administrative fees

 

 

ADT computer payroll service

 

 

Association dues

 

 

Auditing

 

 

BID fees

 

 

Bookkeeping fees

 

 

Building registration fee

 

 

Carting

 

 

Certified mail

 

Management

Collection fees

 

and

Computer processing

 

Administration

Consultation fees

 

 

Credit Card Fees

 

 

Credit Check

 

 

Data processing costs

 

 

DHCR Monitoring

 

 

Directory service

 

 

Dispossess filing fees

 

 

Dues

 

 

Elevator service contract

 

 

Environmental protection

 

 

 

 

 

Types of

Expenses

Escalation billing service Eviction fees (except $1000 and under)

Food for watchdogs General office expense Inspections (boilers, elevator, fire, etc.)

Interim Multiple Dwelling filing fee

Keys Legal Fees Loft Board fees Management agent fees Management fees Marshall's fees

Maximum base rent filing fee Membership fees Messenger ($200 or less) Meter reading service (water meters, electric meters, etc.) Office expense

Office Supplies Outside management Outside services (other than subcontracted labor) Permits

Post Office Box fee Postage Professional Fees Protection

Real Estate Publications and Journals

Realty Advisory Board fees Rent collection fees

Rent stabilization association fee Rubbish removal Scavenger service Security Guards

Security Service Service charges Service contracts Settlement

Small property owners association Stationery

Correct

Category

Management and Administration

Instructions for Worksheet RPIE-2020

 

 

 

Page 14

 

 

 

 

 

Types of

 

Correct

 

 

Expenses

 

Category

 

 

 

 

 

 

 

 

 

 

 

 

Superintendent's telephone

 

 

 

 

Tank registration

 

 

 

 

Telecommunication

 

 

 

 

Telephone

 

 

 

 

Tenant relations

 

 

 

 

Trash/Garbage/Rubbish

 

Management

 

 

removal

 

and

 

 

Uniforms

 

Administration

 

 

Uniforms (purchase and

 

 

 

 

cleaning)

 

 

 

 

Vault tax

 

 

 

 

Water conditioning

 

 

 

 

Water purification

 

 

 

 

Water treatment service

 

 

 

 

 

 

 

 

 

Disability welfare

 

 

 

 

Employee benefits

 

 

 

 

Federal unemployment insurance

 

 

 

 

Federal, State and City

 

 

 

 

withholding tax

 

 

 

 

FICA social security tax

 

 

 

 

Health insurance

 

 

 

 

Hospitalization

 

 

 

 

Major medical

 

Wages

 

 

Management commissions

 

and

 

 

New York State unemployment

 

Payroll

 

 

insurance

 

 

 

 

Payroll Tax

 

 

 

 

Pension

 

 

 

 

Salaries (except directors &

 

 

 

 

officers)

 

 

 

 

State unemployment insurance

 

 

 

 

Union dues

 

 

 

 

Workmen's compensation

 

 

 

 

 

 

 

 

 

Frontage

 

Water and

 

 

Sewer charges or taxes

 

 

 

 

Sewer

 

 

Water charges or taxes

 

 

 

 

 

 

 

 

 

 

 

 

Instructions for Worksheet RPIE-2020

Page 15

Below are Ineligible Miscellaneous Expenses and expenses that are Eligible to be included in the Expense portion of the RPIE.

Ineligible Miscellaneous Expenses

Air rights Alterations

Amortization (except leasing) Appliances

Appraisal fee Architects fees Automobile expenses Bad debt

Bank charges

Blanket insurance policies Bond premium Building rent

Business insurance

Business organization expenses Cable service

Capital improvements Car fare

Certificate of occupancy costs Certiorari costs

Christmas expenses Claims of any kind Closing costs Commercial rent tax Commitment costs Common charges Compactor Computer purchases Construction Consultation fee (other than

that specified for management or leasing)

Contributions Corporation expenses Corporation taxes Debt service Delivery expense Demolition Depreciation Drawing

Dumpster Electrical survey

Engineer's fee Equipment purchase Estimate expenses (except real estate taxes)

Financial charges or expenses Fines

Franchise taxes Furniture General expense Gifts

Ground rent Health club/gym Improvement loan In rem payments Income taxes Insulation Intercom Interest payments

J51 exemption/abatement filing fee (421a filing fee)

Janitor's apartment and/or utilities General expense

Late charges Lawsuit settlement Lease cancellation costs Lease surrender Leasehold interest Lien

Local law 5 or 10 filing fee Management training Merchants association dues Miscellaneous expense Mortgage Interest Negative (bracketed) amounts Occupancy tax

Office rent Officers' salaries Organization expenses Parking

Partners' salaries Penalties

Personal insurance Pointing - over $500 Projected expenses Pro-rated expense of any kind (except leasing and insurance) Public phone charge

Real estate abatement fees Real estate fees

Real estate taxes Rebates Recovery charges Refunds Reimbursements of any type Renovations

Rent

Rent strike settlement Reserves for replacement Return of rent

Safe deposit boxes Storage Superintendent's apartment and/or utilities

Tenant buyout Tenant holdovers Tenant moving expense Tenant refund Tenant's refund Termination fee

Title insurance Transportation Travel

Unincorporated business tax Vacancy

Vacancy and loss of rent Vacating expense Variance costs Violations

Write off on leasing & renting Zoning fees

Xmas expenses

Eligible Miscellaneous Expenses

Petty cash

Lease buy-out

Special assessments

Sundry

Instructions for Worksheet RPIE-2020

Page 16

Reserve for Replacement Items

1.Air conditioning equipment and systems (roof-top)

2.Air conditioning units in existing sleeves replacement

3.Bathroom and kitchen exhaust fans

4.Bathroom cabinet/countertop/flooring replacement

5.Bathroom plumbing fixtures/controls/fittings replacement

6.Cooling plants (including cooling towers, piping and ductwork)

7.Decking replacement

8.Elevator upgrade/replacement

9.Emergency generators replacement/installation

10.Exterior door/storm door replacement/installation

11.Exterior painting/caulking/weatherproofing

12.Exterior siding replacement/installation

13.Gutter system replacement/installation

14.Hard-wired smoke detector system/carbon monoxide detector system

15.Heat/fire/smoke suppression systems

16.Heating equipment/controls replacement/installation

17.Heating plant components (boilers/furnaces, piping/ductwork and chimneys/flues) replacement/installation

18.Hot water heaters/controls replacement/installation

19.Kitchen appliance replacement

20.Kitchen cabinet/countertop/flooring replacement

21.Kitchen plumbing components/controls/fittings replacement

22.Laundry appliance replacement

23.Masonry re-pointing, minor brick replacement

24.Parking structure modification

25.Pool/tennis court/fitness center/playground replacement

26.Roof surface replacement/installation

27.Security systems replacement

28.Site grading and retaining wall replacement/installation

29.Site paving replacement/installation, including parking areas and sidewalks

RPIE-2020 CONFIDENTIAL

FILING DEADLINE: JUNE 1, 2021

REAL PROPERTY INCOME AND EXPENSE WORKSHEET

This is a worksheet, not the RPIE. You must file the RPIE electronically.

CHECK YOUR MAILING ADDRESS: All owners must maintain a current mailing address for each property with the NYC Department of Finance. To check your mailing address for this property, look at the latest Prop- erty Tax Bill found http://nycprop.nyc.gov/nycproperty/nynav/jsp/selectbbl.jsp. Mailing addresses can be up- dated online at http://nyc.gov/changemailingaddress or by calling 311.

PART I: OWNER AND PROPERTY INFORMATION

PLEASE READ THE RPIE INSTRUCTIONS

CAREFULLY BEFORE COMPLETING THIS FORM

SECTION A - OWNER/FILER INFORMATION

 

1a.

Owner’s Name: _____________________________________________________________________________________________

b.

Owner’s Employer Identification Number:

c. Owner’s Social Security Number:

OR

d. Additional Owner’s Name: _____________________________________________________________________________________

e. Additional Owner’s Employer Identification Number:

f. Additional Owner’s Social Security Number:

 

 

OR

2a.

Name of Entity Filing (if different from the owner): ___________________________________________________________________

b.

Filer’s Employer Identification Number:

c. Filer’s Social Security Number:

 

 

 

OR

 

d. Entity’s Relationship to the Property:

Owner

Owner Representative

Lessee Representative

SECTION B - CONTACT INFORMATION

1.

Contact Name: _____________________________________

___________________________________________

3.

Address: ____________________________________________________________________________________________________

 

NUMBER AND STREET

 

 

City: ______________________________________________

State: _____________

Zip Code: _________________________

4.

Telephone #: ______________________________________

_______________________________________

SECTION C - PROPERTY IDENTIFICATION

CONSOLIDATED LOTS

1. Please indicate all contiguous properties that have the same

2. Please select apportionment method:

Percentage

as one economic unit and are in the same borough.

Building square feet

# of units

Block:___________

Lot:___________

Block:___________

 

Block:___________

Lot:___________

Block:___________

Lot:___________

Block:___________

Lot:___________

Block:___________

Lot:___________

3.Check here if this property is a hotel.

4.Condominiums filing for multiple lots, please indicate if this filing covers:

a. Entire Condominium from lot

______________

to lot ______________

 

 

b. All lots within a range from lot

______________

to lot ______________;

from lot ______________

to lot ______________

from lot ______________

to lot ______________;

from lot ______________

to lot ______________

from lot ______________

to lot ______________;

from lot ______________

to lot ______________

Address of Property: ____________________________________________________________________________________________

Borough: ________________________________________ Block:_______________________ Lot: ________________________

RPIE-2020 - Real Property Income & Expense Worksheet

Page 2

SECTION D - RPIE EXCLUSIONS

I am not required to file a RPIE for this year because my property:

a.has an Actual Assessed Value of $40,000 or less.

b.is exclusively residential with 10 or fewer apartments.

c.is primarily residential with 6 or fewer apartments and no more than one commercial unit, and is in Tax Class 1 or Tax Class 2.

d.is a residential cooperative apartment building with less than 2,500 square feet of commercial space (not including garage space).

e.is an individual residential condominium unit that was sold and is not owned by the sponsor.

f.is rented exclusively to a related person or entity.

g.is occupied exclusively by the owner but is not a: department store with 10,000 or more gross square feet; hotel or motel; parking garage or lot; power plant; or theater.

h.is owned and used exclusively by a fully exempt not-for-profit organization or government entity and generates no rental income.

i.is vacant or uninhabitable and non-income-producing for the entire year.

j.is vacant, non-income-producing land.

k.The owner has not operated the property and is without knowledge of the income and expenses for the entire calendar or fiscal year of the reporting period

IF YOU CLAIMED AN EXCLUSION ABOVE,

TO PART IV: RPIE CERTIFICATION.

 

 

 

 

 

 

SECTION SF - SHORT FORM (Optional form for

 

properties with an assessed value of

$250,000 or less)

 

 

 

 

 

 

 

 

 

 

 

PROPERTY USE, VACANCY & I

NCOME INFORMATION

 

 

 

 

 

 

 

 

% as of

Income

 

Total Number

Owner/Owner-related

Vacancy

 

 

 

 

 

of Units

Occupancy %

Jan 5, 2021

($ per year)

1.

Commercial Income

%

%

$

________________________________________________________________________________

2.

Residential Income

________________________________________________________________________________%

% $

3.

Cell Site Income

________________________________________________________________________________

$

4.

Signage/Billboard Income

________________________________________________________________________________

$

5.Total Income from Real Estate . ________________________________________________________________________________$

PROPERTY OPERATING EXPENSES

 

 

Expenses

 

 

 

($ per year)

 

 

 

 

 

1.

Utilities

_________________________________

 

2.

Other

_________________________________

 

3.

Total Expenses

_________________________________

 

*Real Estate Taxes

_________________________________

 

*Bad Debt

_________________________________

 

*Depreciation

_________________________________

 

*Mortgage Interest

_________________________________

 

*NOTE: Real estate taxes, bad debt, depreciation and mortgage interest should not be included when tallying Total Expenses. These expenses are not eligible for valuing real estate for NYC property tax purposes.

RPIE-2020 - Real Property Income & Expense Worksheet

Page 3

SECTION E - PROPERTY USE AND VACANCY INFORMATION

1. Description:

a.

Total # of Units: ____________

b.

# of Residential Units: __________

c. # of Commercial Units: ____________

d.

# of Buildings: _____________

e.

# of Floors: __________________

f. Year of Purchase: ________________

For each use type, indicate the percentage of total square feet that was vacant (unoccupied, unleased or generating no income) as of Jan-

uary 5, 2021. Square feet occupied for any portion of January 5, 2020 may not be included.

______________________________________________________________________________________________________________

Percentage Vacant

______________________________________________________________________________________________________________

2. Residential:

______________________________________________________________________________________________________________

3. Office:

______________________________________________________________________________________________________________

4. Retail Tenants:

______________________________________________________________________________________________________________

5. Loft:

______________________________________________________________________________________________________________

6. Factory:

______________________________________________________________________________________________________________

7. Warehouse:

______________________________________________________________________________________________________________

8. Storage:

______________________________________________________________________________________________________________

9. Garage/Parking:

______________________________________________________________________________________________________________

10. Other:

______________________________________________________________________________________________________________

11. Other:

______________________________________________________________________________________________________________

12. Other:

______________________________________________________________________________________________________________

13. Other:

______________________________________________________________________________________________________________

SECTION F - TO BE COMPLETED ONLY IF THE PROPERTY IS A COOPERATIVE OR CONDOMINIUM

______________________________________________________________________________________________________________

A. # of Units

B. Annual Income ($)

______________________________________________________________________________________________________________

1.Unsold Occupied Units:

______________________________________________________________________________________________________________

a.Regulated Apartments

______________________________________________________________________________________________________________

b.Unregulated Apartments

______________________________________________________________________________________________________________

2.Unsold Commercial Units that are Leased:

______________________________________________________________________________________________________________

3.Commercial Units Owned and Occupied

by the Cooperative/Condominium Owner:

______________________________________________________________________________________________________________

Despite our due diligence in seeking rent roll information for sponsor-owned units, we have been unable to obtain such information from the sponsor.

RPIE-2020 - Real Property Income & Expense Worksheet

Page 4

SECTION H - LEASE AND OCCUPANCY INFORMATION

If you are filing as property owner and you have multiple tenants with different lease agreements and all tenants do not pay triple net expenses, please do not fill out SECTION H and continue onto SECTION J.

1. Does the tenant lease the entire property?

Yes

No

2.

Does the tenant pay utility expenses?

Yes

No

3.

Does the tenant pay maintenance and repair expenses?

Yes

No

4.

Does the tenant pay property tax for the space occupied?

Yes

No

5.

What is the Annual Rent paid to the Property Owner?

______________

6.Is the net lessee or owner related party subleasing any of the property? if YES, then please provide responses to questions 6a-c.

 

a) What is the Square Footage?

______________

 

b) What is the Use of Space?

 

 

 

 

______________

 

c) What is the Annual Rent?

 

 

 

 

______________

 

 

7.

Are you filing as ground lessor

?

 

 

 

 

 

 

 

 

 

if YES, then please respo

 

 

 

 

 

 

 

 

 

 

 

 

nd to question 7a

 

 

 

 

a) What is the Ground Lease Amount that you are receiving?

______________

 

A ground lease is a lease in which the

 

 

y of land is granted.

 

 

 

 

right of use and occupanc

 

 

8.

Owner Occupancy:

 

 

 

 

 

 

 

 

 

 

a) Is any of this property owner-occupied

 

 

party?

Yes

No

 

 

or occupied by a related

b)For residential properties, list the number of units occupied by the owner, related party and/or superintendent: _________ units.

c)Select the type(s) of owner-occupancy (all that apply – maximum of 5):

Residential ___________%

Office ___________%

Retail ___________%

Loft ___________%

Factory ____________%

Warehouse ___________%

Storage ___________%

Garage/Parking ___________%

Other ____________%

END OF RPIE-2020 PART I: OWNER AND PROPERTY INFORMATION

IF APPLICABLE, CONTINUE ON TO

PART II: INCOME AND EXPENSE STATEMENT (FOR ALL PROPERTIES EXCEPT HOTELS)

OR

PART III: INCOME AND EXPENSE STATEMENT FOR HOTELS ONLY

The submission deadline for all RPIE-filings is June 1, 2021.

RPIE-2020 - Real Property Income & Expense WorksheetPage 5

PART II: INCOME AND EXPENSE STATEMENT (FOR ALL PROPERTIES EXCEPT HOTELS)

SECTION I - REPORTING PERIOD

1.

The income and expense statement is for a:

 

 

a. Calendar Year

 

b. Fiscal Year

c. Partial Year

 

2.

Please indicate the period covered in this statement:

 

 

From __________ - __________ To __________ - __________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MONTH

 

YEAR

MONTH

YEAR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION J - INCOME FROM REAL ESTATE. Do not list any negative figures.

 

# of Units

 

 

 

Income ($ per year)

 

______________________________________________________________________________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

a.

.....Residential Regulated (If an amount is entered as Income, you must also enter the # of units)

 

 

 

b. Residential Unregulated (If an amount is entered as Income, you must also enter the # of units). _________________________________________

 

 

 

c. Total Residential Income - see instructions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

2.

Office

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

3.

Retail Tenants

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

4.

Loft

...............................................................................................................................

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

5.

Factory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

6.

Warehouse

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

7.

Storage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

8.

Garages/Parking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

Owner-Occupied or Owner-Related Space

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

Ancillary Income (not included in Regulated or Unregulated income

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

........................................................................................................................................a. Operating Escalation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

b. Real Estate Tax Escalation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c. Sale of Utility Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d. Sale of Other Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

......................................................................................................................e. Government Rent Subsidies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

f. Signage/Billboard

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

...............................................................................................................................g. Cell Towers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11. Other (detail other uses below):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

a. ______________________________________________________________

_________________________________________

 

 

 

b. ___________________________________________

______________

_____ _________________________________________

 

 

 

c.____________________________________________

_____________

 

______ _________________________________________

 

 

 

Total Income from Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION K - INCOME FROM BUSINESS. Do not list any negative figures.

 

 

 

 

 

Income ($ per year)

 

______________________________________________________________________________________________________________

 

1.

...............................................................................................................................Merchandise

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Food and Beverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

Parking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

4.

Automotive Fuel

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

5.

Admissions

......................................................................................................................................................................

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

6.

Other Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

7.

Department Store Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_____________

____________________________

 

 

 

a. Gross Department Store Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

b. Returns and Refunds (Deduct from Gross Department Store Sales)

_________________________________________

 

 

 

c.

Leased Departments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

d. Net Department Store Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

8.

Total Income from Business

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION L(I) - PROPERTY OPERATING EXPENSES. Do not list any negative figures.

 

 

 

 

 

Expenses ($ per year)

 

 

______________________________________________________________________________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

........................................................................................................................................................................................Fuel

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

2.

Light and Power

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

3.

Cleaning Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

4.

Wages and Payroll

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

5.

Repairs and Maintenance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

6.

Management and Administration

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

7.

Insurance (annual)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

8.

Water & Sewer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

9.

Advertising

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

10.

Interior Painting and Decorating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

11.

Amortized Leasing Costs (annualized, pro-rated cost)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________

 

 

12.

Amortized Tenant Improvement Costs (annualized, pro-rated cost)

_________________________________________

 

 

13.

Miscellaneous Expenses: (not all deducted by Finance during valuation)

_________________________________________

 

 

a.______________________________________________________________ _________________________________________

b.______________________________________________________________ _________________________________________

c.______________________________________________________________ _________________________________________

d.______________________________________________________________ _________________________________________

14.

Total Expenses

 

 

_____________________________________________________________

15.

Real Estate Taxes, Bad Debt, Depreciation and Mortgage Interest

 

 

 

(Optional - These expenses are not included when tallying Total Expenses)

_________________________________________

RPIE-2020 - Real Property Income & Expense Worksheet

Page 6

SECTION L(II) - RESERVES FOR REPLACEMENT. Do not list any negative figures.

Instructions: To be completed only if there is an annual monetary reserve for replacement. See Instructions page 16 for a list of eligible reserve items. Fill in the item number if listed. For items not listed describe the item in this section.

Total Reserve at Start

Total Reserve at End

of Reporting Period ($):________________________

of Reporting Period ($):________________________

 

 

Item

Description

Reporting

Period Expenses ($)

Recovery

Period (Years)

Other Items:

RPIE-2020 - Real Property Income & Expense WorksheetPage 7

PART III: INCOME & EXPENSE STATEMENT FOR HOTELS ONLY

SECTION M - REPORTING PERIOD

1.

The income and expense statement is for a:

a. Calendar Year

b. Fiscal Year

 

c. Partial Year

2.

Please indicate the period covered in this statement:

 

From __________ - __________

To __________ - __________

 

 

 

 

 

 

 

 

MONTH

YEAR

 

MONTH

YEAR

3.

Name of the Hotel or Motel: _______________________________________________

4.

Total # of Rooms: __________________

 

4a. # of Transient Rooms: _________

4b. # of Permanent Rooms:__________

4c. # of Keys: ___________________________

 

4d. Occupancy Rate for 2020: ______

4e. RevPAR for 2020 _______________

4f.

Average Daily Rate for 2020 ____________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION N - INCOME. Do not list any negative figures.

 

 

 

 

Income ($ per year)

1.

Departmental

 

 

 

 

 

 

 

 

 

_________________________

 

 

........................................................................................................................................................................................................................a. Rooms

 

 

 

 

 

 

 

 

_________________________

 

 

 

.........................................................................................................................................................................................b. Food and Beverage

 

 

 

 

 

 

 

 

_________________________

 

 

c. Telecommunications

 

 

 

 

 

 

 

 

_________________________

 

 

d. Conferences and Exhibits

 

 

 

 

 

 

 

 

_________________________

 

 

......................................................................................................................................................................................................................e. Parking

 

 

 

 

 

 

 

 

_________________________

 

 

f.

Other Department

 

 

 

 

 

 

 

 

_________________________

 

2.

Total Departmental Income

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

 

 

 

 

 

 

 

 

 

3.

Rental Tenants

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

.....................................................................................................................................a. Apartments, including Permanent Tenants

 

 

 

 

 

 

_________________________

 

 

b. Stores

 

 

 

 

 

 

 

 

_________________________

 

 

c. Restaurants

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

 

 

 

 

 

 

 

 

 

d. Offices

 

 

 

 

 

 

 

 

_________________________

 

 

e. Others

 

 

 

 

 

 

 

 

 

 

_________________________

 

4.

.............................................................................................................................................................................................Total Rental Tenants

 

 

 

 

 

 

 

 

 

 

 

_________________________

 

 

5.

Signage/Billboard

 

 

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

 

 

 

 

 

 

 

 

 

6.

Cell Towers

 

 

 

 

 

 

 

 

_________________________

 

7.

Other (describe): a) __________________ b)

__________________ c) __________________

_________________________

 

8.

................................................................................................................................................................................................................Total Income

 

 

 

 

 

 

 

 

_________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION O - EXPENSES. Do not list any negative figures.

 

 

 

 

Expenses ($ per year)

 

1.

.................................................................................................................................................................................................................Departmental

 

 

 

 

 

 

 

 

_________________________

 

 

 

a. Rooms

 

 

 

 

 

 

 

 

_________________________

 

 

 

b. Food and Beverage

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c. Telecommunications

 

 

 

 

 

 

 

 

_________________________

 

 

 

d. Other Departments (describe): _____________________________________________________

_________________________

 

 

2.

......................................................................................................................................................................Total Departmental Expenses

 

 

 

 

 

 

 

 

_________________________

 

 

 

3.

Undistributed Operating

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

........................................................................................................................................................................a. Administrative and General

 

 

 

 

 

 

 

 

_________________________

 

 

 

.................................................................................................................................................................................................................b. Marketing

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

..............................................................................................................................................................................................c. Management Fee

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

d. Franchise Fee

 

 

 

 

 

 

 

 

 

 

_________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

e. Energy

 

 

 

 

 

 

 

 

_________________________

 

 

 

f.

Property Maintenance

 

 

 

 

 

 

 

 

_________________________

 

 

 

g. Insurance

 

 

 

 

 

 

 

 

_________________________

 

 

 

h. Other Operating (describe): a) ______________

b) ______________ c) ______________ .

_________________________

 

 

4.

...........................................................................................................................................Total Undistributed Operating Expenses

 

 

 

 

 

 

_________________________

 

 

 

5.

..........................................................................................................................................................................................................Total Operating

 

 

 

 

 

 

 

 

_________________________

 

 

 

6.

Financial and Other (describe): _______________________________________________________

_________________________

 

 

7.

..........................................................................................................................................................................................................Total Expenses

 

 

 

 

 

 

 

 

_________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION P - RECAPITULATION, FURNITURE, FIXTURES AND EQUIPMENT. Do not list any negative figures.

______________________________________________________________________________________________________________

Amount ($ per year)

 

 

1. Recapitulation

 

 

_________________________

a. Net Departmental Income

 

 

_________________________

b. Net Operating Income

 

 

_________________________

c. Net Income

 

 

_________________________

2. Furniture, Fixtures and Equipment (FF & E) Used in Hotel Operations

............................................................................

_________________________

a. Is there a reserve for FF & E ?

Yes

No

 

_________________________

 

.......................................................................................................................................b. Contribution to reserve in reporting year

 

$

_________________________

c. Cost of items purchased in reporting year

$

_________________________

d. Book cost of all FF & E at year end

 

$

_________________________

e. Depreciation of FF & E for reporting year

$

_________________________

f. Book cost less accumulated depreciation

$

_________________________

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