What refers to the regular costs incurred in managing a property?

The term that refers to the regular costs incurred in managing a property is operating expense. Operating expenses encompass ongoing costs necessary for the day-to-day functioning and upkeep of the property. These include items such as utilities, property management fees, insurance, salaries for staff, and any other costs that are routinely paid to keep the property operational.

Capital expenditure, on the other hand, involves significant investments in property that enhance its value or extend its useful life, such as renovations or large-scale replacements. Maintenance cost focuses specifically on expenses related to keeping the property in good working condition, which is only a part of the broader category of operating expenses. Administrative fees typically refer to charges related to managing the business or operations, which can overlap with operating expenses but do not encompass the full range of regular costs involved in property management.