FISCAL YEAR 2026
EXPENSE INSTRUCTIONS FOR ALL PROPERTY USES
Provide information regarding the expenses incurred in the operation of the property during calendar year 2024. Any expenses that cover more than one year must be prorated and annualized (such as a 3-year insurance premium). Indicate the amount of annual expense under the appropriate column marked Landlord Amount or Tenant Amount based upon which party paid the expense.
EXPENSES FOR CALENDAR YEAR 
			 2024
MANAGEMENT & ADMINISTRATIVE
MANAGEMENT WAGES OR FEE – List
management wages paid to individuals or fees paid to a management company. Management wages and fees must be adjusted to reflect expenses directly associated with the operation of the property.
LEGAL AND ACCOUNTING WAGES OR FEE –
List wages or fees paid for legal and accounting expenses that are directly attributable to the property's operation.

SECURITY WAGES OR FEE - List wages or fees paid to individuals or companies employed to provide security at the property.

PAYROLL TAXES - List payroll taxes paid for employees who are engaged in the management of the property.

GROUP INSURANCE - List group insurance premiums paid for employees engaged in the management of the property.

PHONE - List any phone expense incurred that directly relates to the operation of the property.

ADVERTISING - List advertising costs associated with the management of the property.

OTHER - List any other expenses attributable to the management and administration of the property.
Provide an explanation of each expense under this category.

MAINTENANCE & CLEANING

WAGES - List any wages paid for maintenance and cleaning of the property.

SUPPLIES - List expenses incurred for the purchase of maintenance and cleaning supplies.

MAINTENANCE SERVICE CONTRACT FEE – List
expenses paid to companies employed under contract to maintain and clean the property.

GROUNDS KEEPING]
RUBBISH REMOVAL] List expenses paid for SNOW REMOVAL]	calendar year 2024 for EXTERMINATOR]	each category listed.

OTHER - List other expenses paid for the maintenance and cleaning of the property. Explain any such costs.

UTILITIES
Provide expenses incurred for calendar year 2024
for each listed category.

MINOR REPAIRS

Provide a description of and list amounts spent during calendar year 2024 on minor repairs. Examples of minor repairs include patching of roof leaks, repair of leaky plumbing, locksmith repairs, minor electrical repairs, etc.

RENOVATIONS & ALTERATIONS

Describe and list the total amount spent on renovations and alterations during calendar year 2024. Renovations include replacement of short-lived items such as carpets, appliances, water heaters, interior finish, painting and decorating, exterior siding, and roofing. Alterations include tenant build-outs.

ADDITIONS & IMPROVEMENTS

Provide a description of and list the total amount spent on additions and improvements during 2024 Additions include any increase in square footage or number of plumbing fixtures. Improvements include efforts to update and modernize which lead to a change in use or an upgrade in construction quality.

OTHER EXPENSES

RESERVES FOR REPLACEMENT - List any
funds set aside annually to cover the anticipated replacement costs of short-lived items such as the roof, appliances, painting, mechanical equipment, etc.

APARTMENTS FOR EMPLOYEES - List the
annual amount of foregone income for apartments that are rented free or below market to employees.

INSURANCE - List the annual premium paid for insurance for calendar year 2024

OTHER - List any other expenses that are not covered in other categories. Explain other such expenses.

COMMENTS

Write any information specific to expenses that you believe is relevant to the valuation of the property.

       FISCAL YEAR 2026
INCOME INSTRUCTIONS FOR COMMERCIAL/INDUSTRIAL USES

Provide information as requested for all areas of the property that are potentially rentable, including
storage areas and parking spaces. If the form does not provide sufficient space to list all tenants, please copy the form before proceeding and attach completed copies. A computer printout or other such listing that includes all the requested information is acceptable.
TENANT DETAIL AS OF 1/1/2024

TENANT NAME - Print the name of each tenant that occupied the area on 1/1/2024. Indicate any areas that were occupied by the owner of the building. Utilize this column for all areas of the property that are potentially rentable including storage areas and parking spaces. Write VACANT or OWNER OCCUPIED (if so) to indicate such areas as of 1/1/2024.

Usage Type - Provide a description that best describes the way the property is being used (for rented areas) or the way it would be used (for vacant areas). Examples of uses include: retail, restaurant, office, warehouse, manufacturing, etc.

Rentable area - Indicate the gross rentable area in square feet for each rentable unit whether occupied or vacant.

Tenant at will - Circle “Y” for tenants who are tenants at will (do not hold a lease).

LEASE TERMS – Please circle the code listed in parentheses to indicate the terms of the lease regarding expenses relating to maintenance, utilities, taxes and insurance as defined below:

(G) GROSS - Tenant pays no expenses

(N) NET - Tenant pays one of the expenses listed above.

(NN) NET NET - Tenant pays two of the expenses listed above.

(NNN) NET NET NET - Tenant pays three of the expenses listed above.

(AN) ABSOLUTE NET - Tenant pays all expenses relating to the operation of the property.

Lease begin date - For tenants who have leases, indicate the starting month and year (e.g. 06/21) the lease began. Lease end date - Indicate the month and year the lease expires.

Renewal option - For tenants, who have renewal options; indicate the number of years and the monthly renewal rate. Use the comments section for elaboration.

OVERAGE TERMS - For tenants subject to overage terms (% of gross receipts, etc.), Indicate the terms. Use the COMMENTS section for elaboration.

ESC CLAUSE - For tenants subject to escalation clauses related to taxes or operating expenses indicate the terms. Use the COMMENTS section for elaboration.

Monthly rent as of 1/1/2024. - Indicate the monthly rent for leased areas as of January 1, 2024. Include amounts charged to tenants for parking areas. For areas that are vacant or owner-occupied, indicate the monthly rent you would have charged for the area as of January 1, 2024.

Total rent received in calendar 2024 - Indicate the actual rent received from the unit during calendar year 2024. Include in this figure any amounts received for operating expenses, tax escalation clauses, overage terms, and additional miscellaneous income.
CURRENT USE OF RENTABLE AREA

Total Available area: Please calculate the total area, including owner-occupied, rentable and vacant area, for your property.

Area occupied by tenants: Sum the area occupied by tenants for the calendar year 2024.

The area occupied by Owner: Sum the area occupied by the owner of the property for the calendar year 2024.

Vacant area: Sum the area that was vacant during calendar year 2024.
CALENDAR YEAR 2024

TOTAL POTENTIAL GROSS INCOME - Indicate the total amount of income that the property would have generated during the calendar year 2024 if all areas were fully leased for the entire year at market-level rents.

TOTAL CONCESSIONS - Indicate the total amount of revenue foregone through rent concessions during 2024

TOTAL VACANCIES - Indicate the total amount of revenue foregone due to vacancies that occurred during 2024

TOTAL COLLECTION LOSS - Indicate the total amount of revenues foregone due to bad debt and collection losses that occurred during 2024

TOTAL MISC. INCOME – Complete section two (2) Indicate the total amount of miscellaneous income derived from the property during 2024

TOTAL RENTABLE AREA - Indicate the total rentable area for the property by adding up the individual rentable areas within the building. Include all areas of the building whether vacant or occupied.

TOTAL RENT COLLECTED - Indicate the gross income collected during calendar year 2024 by adding up the individual amounts under the TOTAL RENT COLLECTED 2024 column. Also include any income received from sources listed in the MISCELLANEOUS income section. If you are charging market level rents, this figure should equal TOTAL POTENTIAL GROSS INCOME minus TOTAL CONCESSIONS minus TOTAL VACANCIES minus TOTAL COLLECTION LOSS plus TOTAL MISC. INCOME.
MISCELLANEOUS INCOME FOR
CALENDAR YEAR 2024

SOURCE OF INCOME - Identify the source of any additional income that is derived from the property and which is not directly attributable to any one tenant. For example, parking income, laundry facilities, vending machines, pay phones, etc.

Annual income - State the annual gross income under each source.

I certify under the penalties of perjury that the information provided herewith is true and correct.

Owner’s Signature	Date:

   FISCAL YEAR 2026
RENTAL INSTRUCTIONS RESIDENTIAL USES

Provide information as requested for all areas of the property that are potentially rentable. If the form does not provide a sufficient number of spaces to list all of your tenants, please make a copy of the blank form before proceeding and attach completed copies. For part
3) TENANT DETAIL, a computer print-out or other such listing that includes all of the requested information is also acceptable. However, please use the form provided for all other information requested.

1)	HOUSING TYPE

Place a check in the space provided to the right of the description that best describes the type of residential housing being reported.

2)	UNIT SUMMARY

The UNIT SUMMARY is used to determine the total number and average monthly rent for each type of unit in the building. Locate the appropriate lines that describe the units in your building and write the number of units and the average monthly rent. For example, line 2 should be used to supply the number of units and average monthly rent for one-bedroom units; line 3 should be used to supply the number of units and average monthly rent for two bedrooms. Use lines 6 through 8 to supply information, including the number of bedrooms and bathrooms, for unit types not already pre-printed. Also, indicate the TOTAL NUMBER OF UNITS and TOTAL UNITS VACANT AS OF 1/1/2024.

3)	TENANT DETAIL

TENANT NAME (OR VACANT) - Print the name of each tenant who occupied a unit on 1/1/2024 in this column. For any vacant space, write “VACANT". Indicate any areas that are occupied by the owner of the building.

Unit type - Describe the rental unit by indicating the number of bedrooms and the number of bathrooms in the unit. Follow the examples outlined below to determine "unit type":

Description	Unit Type

Studio, w/1 bath	Studio
1	Bedroom, 1 bath	1BR
2	Bedroom, 1 bath	2BR
3	Bedroom, 2 bath	3BR Etc.

MONTHLY RENT AS OF 1/1/2024- Indicate the monthly rent for rented areas as of January 1, 2024. For areas that are vacant or owner-occupied, indicate the monthly rent you would have charged for the area as of January 1, 2024.

Monthly parking rent on 1/1/2024-- Indicate the
monthly rent for parking spaces rented as of January 1, 2024.

Number outdoor spaces - Indicate the total number of outdoor parking spaces provided to the tenant.

Number indoor spaces - Indicate the total number of indoor parking spaces provided to the tenant.

How many units does the owner occupy? Indicate the total number of units occupied by the owner and other family members.

4)	MISCELLANEOUS INCOME

Source of income - Identify the source of any additional income that is derived from the property that are not directly attributable to any one tenant. For example, laundry facilities, recreation facilities, vending machines, pay phones, etc.

Annual income - State the annual gross income under each source.

5)	PARKING INFORMATION
Total no. Spaces - Indicate the total number of available outdoor parking spaces on the top line. Indicate the total available indoor parking spaces on the bottom line. These totals should reflect the total number of parking spaces on the site, whether rented or vacant.

Single space monthly rent - Indicate the monthly rent for a single parking space. Use the top line to indicate the number of outdoor spaces, and use the bottom line to indicate the number of indoor spaces.

6)	INCOME SUMMARY
FOR THE CALENDAR YEAR 2024

TOTAL POTENTIAL GROSS INCOME - Indicate the
total amount of income that the property would have generated during calendar year 2024 all units were fully leased for the entire year at market-level rents.

TOTAL CONCESSIONS - Indicate the total amount of revenue foregone through rent concessions in 2024

TOTAL VACANCIES - Indicate the total amount of revenue foregone due to vacancies during 2024

TOTAL COLLECTION LOSS - Indicate the total amount of revenues foregone due to bad debt and collection losses that occurred during 2024

TOTAL MISC. INCOME - Indicate the total amount of miscellaneous income derived from the property during 2024

TOTAL PARKING INCOME - Indicate the total amount of parking income collected during 2024

TOTAL RENT COLLECTED - Indicate the gross income collected during calendar year 2024 by adding up the individual amounts under the TOTAL RENT COLLECTED 2024 column. Also include any income received from MISCELLANEOUS and PARKING income. If you are charging market-level rents, this figure should equal TOTAL POTENTIAL GROSS INCOME minus TOTAL CONCESSIONS minus TOTAL VACANCIES minus TOTAL COLLECTION LOSS plus TOTAL MISC. INCOME plus TOTAL PARKING INCOME