July 23, 2020
My landlord charges me not only for the space that I occupy, but also for my portion of the building’s property taxes, maintenance and common area charges. Can I include those in my rent cost?
Posted by Armanino Financial Advisory Team
No. Only rent is an allowable and forgivable expense. If the bill from the landlord clearly includes maintenance, common area maintenance charges, property taxes and insurance, those charges should be stripped out of the PPP request for forgiveness.