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Updated almost 6 years ago,
NNN expenses - Painting building repair or capital expense
The rain gutters were not cleaned. Water was dropping on the side of the building. Association notified us that we need to paint the building because it looked horrible. Is this considered repair, which can be charged immediately to tenant as part of NNN expenses? The amount is pretty substantial as this is big building. Or can the tenant argue this is capital expense which should be expensed over useful life. I am trying to find arguments how to charge it immediately as tenant might leave the building soon.