Costs charged at vehicle level in connection with third party services such as accounting, secretarial, legal, tax and other advisory costs, which do not fall into another specific cost category such as formation costs, valuation costs, etc.
Global Definitions Database
Professional services costs
Source: Global | Date: 23 March 2020 | ID: D0392 | Version: 5
Child terms
Legal fees (Not property specific)
See definition professional service costs.
Related
Custodian costs
Also known as depository costs, these are charged by a fiduciary entity entrusted with h...
Dead deal costs
Costs usually charged by third parties concerning work undertaken for acquisition/
Other/misc. vehicle costs
Small or infrequent vehicle level costs that are not assigned to another cost category but are classified as a group. These may include other ...
Transfer agent costs
Costs charged by trustees who are responsible for managing the assets owned by a trust for the trust’s beneficiaries. This is most relevant i...
Valuation costs
Costs in connection with the external (third party) appraisal of the real estate assets and liabilities owned by the
Vehicle administration costs
Costs related to bookkeeping activities either paid to a 3rd party service provider or the manager/advisor.