Which of the following is an example of operating expenses?

Operating expenses refer to the ongoing costs necessary to maintain and manage a property. These include expenses related to the day-to-day functioning of the property, as well as costs associated with its upkeep. Property taxes and maintenance fees are prime examples of operating expenses, as they are recurring costs that property owners must pay to ensure the property is compliant with local regulations (in the case of taxes) and in good physical condition (in the case of maintenance fees).

In contrast, costs related to the initial purchase of a property do not fall under the category of operating expenses, as they are one-time payments made during the acquisition process. Long-term mortgage interest payments also differ as they are financing costs and not ongoing operational costs tied to the property’s daily management. Civil legal fees for property litigation represent costs that may arise under specific circumstances but are not typical operating expenses associated with the regular upkeep and management of a property.