Define: Controllable Expenses

How is Controllable Expenses defined in a legal contract?

• Controllable Expenses means all direct expenses excluding: tax expenses and assessments related to the property, insurance costs applied by the [organization] for the property, utility expenses, increase in compensation of the [organization] employees, agents or contractors if they are part of a union or the increases are due to minimum wage requirements, and costs of significant amendments, additions, improvements, repairs, and replacements to the property.
  Seen in 11 SEC filings.
• Controllable Expenses means all expenses, other than uncontrollable expenses necessary for the property.
  Seen in 10 SEC filings.
• Controllable Expenses means all of the project’s associated expenses, apart from uncontrollable expenses.
  Seen in 9 SEC filings.
• Controllable Expenses means all expenses other than taxes.
  Seen in 9 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of controllable expenses’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Controllable Expenses means all direct expenses excluding uncontrollable expenses, tax obligations, and insurance costs.

Relevant Contract Type

• Lease Agreements
• Business Services Contracts
• Business Purchase Agreements

Relevant Circumstances

• Determining cost responsibilities between two parties.
• Accounting for expenditures related to business operations.
• Allocating operational costs as part of business sale or purchase.

Relevant Sectors

• Real Estate
• Retail
• Manufacturing

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Genie Definition 2

• Controllable Expenses means expenses within the influence or authority of the [organization], less all non-negotiable charges.

Relevant Contract Type

• Operating Agreement
• Service Level Agreement
• Joint Venture Agreement

Relevant Circumstances

• Determining the controllable expenditures for a joint venture.
• Assigning responsibilities for controllable expenses in a service level agreement.
• Defining controllable costs in an operating agreement.

Relevant Sectors

• Information Technology
• Construction
• Logistics

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