Property Management
In Delaware, what is an 'operating budget' for a managed property?
AThe broker's commission budget for the year
BA financial plan projecting all income and expenses for a managed property over the coming year✓ Correct
CA budget for capital improvements only
DThe tenant's budget for operating their business in a leased space
Explanation
An operating budget is an annual financial plan for a property, projecting all income (rents, other income) and expenses (maintenance, insurance, taxes, management fees, utilities) for the coming period to guide financial management.
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