Outgoings

Outgoings refer to the expenses incurred in order to maintain and manage a property.

What are outgoings?

Outgoings refer to the expenses incurred in order to maintain and manage a property. These can include costs such as property taxes and insurance.

Examples of property outgoings

Some examples of outgoings include:

Property taxes
Insurance premiums
Utilities
Strata fees
Property management fees
Repairs and renovations
Other miscellaneous expenses

How are commercial outgoings different from residential outgoings?

Commercial outgoings are the costs related to running and upkeeping a commercial property.

Unlike in residential leases where landlords cover the majority of these expenses, in commercial leases, tenants usually have to reimburse landlords for these costs.

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