ORD 1588 - Laserfiche WebLink

c. Income from utilities (to the extent the charges are not deemed rent), laundry facilities, cleaning fees or services, garage, storage and parking fees; plus d. All other income or consideration received or receivable for or in connection with use or occupancy of mobilehome/mobilehome spaces and related services; minus e. Actual uncollected rents due to vacancy and bad debts to the extent that same are beyond the Park Owner's control. Where uncollected rents must be estimated, the average percentage of the preceding three years' experience shall be used or another comparable and reliable method. 3. Operating Expenses shall include and exclude the following: a. The following may be included as Operating Expenses: i. Utility costs to the extent that such costs are included in space rent; provided, however, that there shall be no pass through of the cost of maintaining or rehabilitating utilities if the Park Owner is accepting a rebate from the utility company. ii. Management expenses including the compensation of administrative personnel, including the value of any mobile home space offered as part of compensation for such services, reasonable and necessary advertising to ensure occupancy only, legal and accounting services as permitted herein, and other managerial expenses. iii. Repair and maintenance expenses, including painting, cleaning, fumigation, landscaping, and repair of all standard services, including electrical, plumbing, carpentry, furnished appliances, drapes, carpets, furniture, pool, laundry, and recreational equipment. iv. Employee salary and benefits and owner- performed labor upon documentation provided showing the date, time and nature of the work performed. There shall be a maximum allowable expense for this paragraph of 5% of gross - 10 -