Common use of Expense Coverage Clause in Contracts

Expense Coverage. This indicates strong financial stability. The application reflects an operating reserve in the amount of $315,000 funded upon development and a replacement reserve to be funded annually in the amount of $250 per unit.

Expense Coverage. This indicates strong financial stability. The application reflects an operating reserve in the amount of $315,000 funded upon development and a replacement reserve to be funded annually in the amount of $250 per unit.a