Sec. 105.14. Rent and rent items

Include:

Rent of home office and branch offices.

Rent for space occupied in buildings owned.

Light, heat, power and water charges in leased premises.

Interest, taxes, etc., paid in lieu of rent for leased premises.

Cost of alterations and repairs of leased premises.

Public liability insurance premiums.

Rent of storage, safekeeping and warehouse space.

Rent of safe deposit boxes.

Rent of post office boxes.

Time clock service charges.

Cost of cleaning, towels, ice, water, electric lamp replacements and other expenses incidental to office maintenance.

Amortization expense of leasehold improvements as lessee.

Exclude:

Compensation to employees (see salaries and related items).

Rent of furniture, equipment, and office machines (see equipment).

Rent of automobiles (see travel and travel items).

Rent allowed, reimbursed, or paid to managers, agents, brokers, solicitors and other producers (see allowances to managers and agents).

Items includible in real estate expenses. Rent income from owned real estate.