Form Rpie-2016 - Real Property Income And Expense Worksheet And Instructions For Hotels Page 5
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20Instructions for Worksheet RPIE-2016 - Hotels
Page 4
g.
The entire property is owner-occupied. This exclusion does not apply to owners of department
stores of 10,000 square feet or more, hotels or motels (whether occupied in part or in their en-
tirety), parking garages or lots, power plants and other utility-property, adult care/nursing home
facilities, gas stations, car washes, oil change facilities, self-storage, theatres or concert halls.
h.
The property is owned by a not-for-profit organization, government entity or is otherwise fully ex-
empt from property taxes and is not rented to any commercial, non-exempt tenants. If the prop-
erty is rented to a commercial, non-exempt tenant, the filing requirement may be satisfied by the
tenant or lessee filing an RPIE on behalf of the property.
i.
The property is vacant or uninhabitable and has no existing leases. If there are any existing
leases, the owner must file the RPIE.
j.
“Vacant, non-income-producing land” applies to empty lots only.
k.
The owner has not operated the property and is without knowledge of the income and expenses
for the entire calendar or fiscal year of the reporting period.
If you claimed exclusion(s), but still want to file income and expense information with the Department
of Finance, select “OK” at the pop-up message prompting you for a response on voluntary filing.
sECtIoN sF - short Form - thIs oPtIoN Is Not AVAILABLE FoR hotELs
sECtIoN E – PRoPERtY UsE AND VACANCY INFoRMAtIoN
1.
Description:
a-c.
Units: Enter the number of residential units and the number of commercial units. The total
number of units will be calculated for you.
d.
Number of Buildings: Where the property consists of more than one building (such as a
condominium development, a parking garage complex, an apartment complex, or a shop-
ping center), enter the total number of buildings that comprise the entire property for which
this RPIE form is being filed.
e-f.
Outdoor/Indoor Parking Information: Enter the number of outdoor parking spaces and the
number of indoor parking spaces.
g.
Year of Purchase: Provide the year the property was bought or leased, or, if the building
was built for the current owner, list the date of construction. This information is not required
if the property is a cooperative.
2-13. Percentage Vacant: Indicate the percentage of each type of space that was vacant (unoccupied
and un-leased, generating no income) as of the taxable status date — January 5, 2017. Per-
centage vacant should be reported separately for each type of unit. Totals may exceed 100%.
For example, if you identify four use types, each with a vacancy rate of 30%, the total will exceed
100%.
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