What is non-recoverable?
Costs the lease does not allow the landlord to pass through to tenants: leasing commissions, tenant improvements, certain capital expenditures, debt service, and ownership-level costs.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.