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RPIE   2020-

                    WORKSHEET FOR  

                    SELF-STORAGE 

                    FACILITIES 

                  Real Property 

                  Income and Expense 

                  Worksheet and Instructions 

                  for Self-Storage Facilities 

                  This is NOT the RPIE form.  

                  This document is designed to as-

                  sist you in completing the RPIE 

                  form for Self-Storage Facilities on 
 
                  our website. 
 
 RPIE-WORKSHEET 

                                nyc.gov/rpie
 Revised 2.10.2021

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2020 REAL PROPERTY INCOME AND EXPENSE
WORKSHEET AND INSTRUCTIONS FOR SELF-STORAGE FACILITIES
FILING DEADLINE: JUNE 1, 2021

This is NOT the Real Property Income and Expense (RPIE) form. You MUST file all
RPIE forms electronically. This form is to be used for worksheet purposes only.

GENERAL INFORMATION

Owners of income-producing properties with an Actual Assessed Value of more than $40,000 as stated on the
2021-2022 Tentative Assessment Roll are required to file Real Property Income and Expense statements (“RPIE”)
or a Claim of Exclusion annually with the Department of Finance (DOF). The department uses this and/or infor-
mation from similar properties to estimate the market value of property for tax purposes.

Even if your income-producing property has an Actual Assessed Value of less than $40,000, you may still want to
provide information about your property electronically to assist us in providing a more accurate estimate of the mar-
ket value.

Please note that this worksheet and instructions are for self-storage facilities. These instructions do not apply to
the following specialty properties types: hotels, adult care/nursing home facilities, theaters or concert halls, gas
station, car wash, and oil change facilities. These property types are covered in their own instructions that you can
download from nyc.gov/rpie.

RPIE EXCLUSIONS
How do you file a Claim of Exclusion?
To file a Claim of Exclusion, you must complete Section D of the RPIE-2020 form. Owners of real property
who are not required to file income and expense information must submit a Claim of Exclusion each year.

Please note: If you own the property but have no knowledge of the income and expenses for the entire cal-
endar or fiscal year, you must file a Claim of Exclusion.

Who does not have to file an RPIE or Claim of Exclusion? Owners with:
● Properties that have an Actual Assessed Value of $40,000 or less
● Residential properties containing 10 or fewer dwelling units
● Tax Class 1 or Tax Class 2 properties with six or fewer dwelling units and no more than one commercial unit
● Special franchise properties

IMPORTANT FILING INFORMATION

● Online Filing Requirement: All filers are legally required to file electronically unless the Department of
Finance grants a waiver. Filers who wish to request a waiver from the electronic filing should call 311 for an
application or download the application from nyc.gov/rpie. The deadline for electronic waiver requests is
May 3, 2021.

● Deadline -- The submission deadline for all RPIE filings is June 1, 2021.

CUSTOMER ASSISTANCE

Please call 311 or email the Department of Finance at rpie@finance.nyc.gov

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Instructions for Worksheet RPIE-2020 - Self-storage facilities Page 2

PART I: OWNER AND PROPERTY INFORMATION

Please check your mailing address for accuracy. Owners are responsible for maintaining a current mail-
ing address with Finance at all times. You can see the mailing address on file by looking at your latest
Notice of Property Value or Property Tax bill. Changes to your address can be made online at
http://nyc.gov/changemailingaddress or by calling 311.

SECTION A – OWNER/FILER INFORMATION

1a. Enter name(s) of up to two owners of the property.

b./c. Enter each listed owner’s Employer Identification Number (EIN) or Social Security Number (SSN).

The Federal Privacy Act of 1974, as amended, requires the Department of Finance to inform you
as to whether compliance with the request is voluntary or mandatory, the legal authority to request
the information, and how the information will be used. Owners must provide their Social Secu-
rity Number on this form under the authority of section 11-102.1 of the Administrative Code of the
City of New York. Social Security Numbers are required to facilitate the processing of real prop-
erty income and expense data for tax administration purposes. The Social Security Numbers
may be further disclosed to other departments or agencies, or to persons employed by such de-
partments or agencies, only for tax administration purposes, or as otherwise provided by law or
judicial order.

2a. Enter the name of the person filing the RPIE. The filer may be an owner, owner representative,
lessee or lessee representative who is authorized to provide this information and has knowledge
of such information.

b./c. Enter the filer’s Employer Identification Number or Social Security Number.

d. Use the dropdown box to select the filer’s relationship to the property.

SECTION B - CONTACT INFORMATION
Provide contact information for the person who can respond to questions about this filing and receive
the confirmation email once the RPIE is submitted. Additional email addresses for the confirmation
email can be entered on the Certification page.

SECTION C – NOT APPLICABLE FOR SELF-STORAGE FACILITIES

SECTION D - RPIE EXCLUSIONS
If you are identified as a required RPIE-2020 filer, you will need to complete an income and expense form
or complete a claim of exclusion in Section D. If your property is income-producing and eligible to claim
an RPIE exclusion, please identify one of the exclusions listed in the section below.

Exclusions include:
a. Properties with actual AV (Assessed Value) as shown on the Tentative Assessment Roll
2021-2022 of $40,000 or less
b. A property that is both exclusively residential and has 10 or fewer apartments, including both va-
cant and occupied units.

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Instructions for Worksheet RPIE-2020 - Self-storage facilities Page 3

c. Properties with both of the following: six or fewer residential units and no more than one com-
mercial unit. Your property must be in Tax Class 1 or Tax Class 2, and the unit count must include
all units whether vacant or occupied. For example, if your property has five residential and two
commercial units, you must file an RPIE because you have two commercial units.

d. Residential cooperative apartment buildings with no more than 2,500 square feet of commercial
space (not including garage space). To claim this exclusion you must still complete the RPIE-2020
(Parts I and IV). An RPIE is required for unsold sponsor-owned units if 10% or more of the units
remain unsold.

e. Individual residential units in a condominium building/development. For a residential condo-
minium that has commercial space, professional space, and/or has 10% or more unsold spon-
sor-owned units, an RPIE must be filed for the commercial space, professional space or the
unsold sponsor-owned units. An RPIE must also be filed for residential units that are rentals and
not intended to be individually owned.

f. If a property is rented exclusively to a person or entity related to the owner:
● Business entities under common control.
● Fiduciaries and the beneficiaries for whom they act.
● Spouse, parents, children, siblings and parents in-law.
● Owner-controlled business entities.

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.

PART II: INCOME AND EXPENSE STATEMENT FOR SELF-STORAGE FACILITIES ONLY

SECTION E - VACANCY INFORMATION
1. Percentage of space that was vacant as of the taxable status date (January 5, 2021):

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Instructions for Worksheet RPIE-2020 - Self-storage facilities Page 4

SECTION F – NOT APPLICABLE FOR SELF-STORAGE FACILITIES

SECTION G – THIS SECTION IS NO LONGER USED

SECTION H - LEASE AND OCCUPANCY INFORMATION
1) Indicate if the tenant leases the entire property. ❑ Yes ❑ No
2) Indicate if the tenant pays utility expenses. ❑ Yes ❑ No
3) Indicate if the tenant pays maintenance and repair expenses. ❑ Yes ❑ No
4) Indicate if the tenant pays property tax for the space occupied. ❑ Yes ❑ No
5) Enter the amount of Annual Rent paid to the Property Owner. ______________
6) Indicate if the net lessee or owner related party subleasing is
any of the property.
a) If yes, list the number Square Footage. ______________
b) If yes, list the Use of Space. ______________
c) If yes, enter the Annual Rent. ______________
7) Indicate if you are filing as ground lessor.
a) If yes, enter the Ground Lease Amount that you are receiving. ______________
A ground lease is a lease in which the right of use and
occupancy of land is granted.

SECTION I - REPORTING PERIOD
Please Note: Data for 2020 is required for submission. Data for both 2019 and 2018 are not mandatory.

1-2. Indicate whether the RPIE filing is for a calendar, fiscal or partial year, and enter the start and end
dates of the reporting period.

3. Provide the name of the self-storage facility.

SECTION J – NOT APPLICABLE FOR SELF-STORAGE FACILITIES

SECTION K - INCOME & FEES
Self-Storage Real Estate Rental Income
1. Rent: Amount received from renting the self-storage property as a whole (does not include busi-
ness income).

Self-Storage Unit Rental Business Income
1. Self-Storage Unit Rentals: Amount received from renting the self-storage units.

Other Business Income
1. Merchandise: Amount received from retail sales of boxes, tape, locks and other moving supplies.

2. Truck Rentals: Amount received from renting trucks and related equipment.

3. Outdoor Vehicle Storage: Amount received from renting outdoor vehicle storage space.

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Instructions for Worksheet RPIE-2020 - Self-storage facilities Page 5

4. Other Sales: Amount received from ancillary or miscellaneous income sources such as late fees
and storage unit insurance.

5. Total Business Income: Calculated as the sum of Self-Storage Unit Rental Business Income plus
lines 1 through 4 in the “Other Business Income” section.

Other Income
1. Signage/Billboard: Amount received from renting any signage or billboard space anywhere on
the property.

2. Cell Towers: Amount received for placing a cell tower or antenna anywhere on the property.

3. Other (describe): Any income generated by the property that has not been previously specified. Do
not include interest on bank accounts or tenants’ deposits. You must itemize the sources of this
income.

4. Total Income: Calculated as the sum of all income items listed above in the “Self-Storage Real
Estate Rental Income”, “Self-Storage Unit Rental Business Income”, “Total Business Income”
and “Other Income” sections.

Cost of Goods Sold
Definition of “Cost of Goods Sold”: Cost of Goods Sold (COGS) represents the direct costs attribut-
able to the production of the goods sold by a company. This includes the cost of the materials used to
create the goods as well as the direct labor costs used to produce the goods.

1. Merchandise: COGS related to the sale of boxes, tape, locks and other moving supplies.

2. Truck Rentals: COGS related to rental of trucks and related equipment.

3. Outdoor Vehicle Storage: COGS related to the rental of outdoor vehicle storage space.

4. Other Sales: COGS related to ancillary or miscellaneous income sources such as late fees and
storage unit insurance.

5. Total Cost of Goods Sold: Calculated as the sum of lines 1 through 4 in ”Section L – Business
Expenses.”

6. Gross Profit: Calculated by subtracting Total Cost of Goods Sold from Total Business Income.

SECTION L – BUSINESS EXPENSES
1. Labor Costs: Annual amount of wages, payroll taxes, workers’ compensation, health insurance,
and other employee benefits.

2. Insurance: Annual charges for fire, liability, theft coverage and other insurance premiums paid to
protect the real property. Pro-rate multi-year premiums to calculate an average annual expense.

3. Royalty Fees: Ongoing monthly or annual payments to the franchisor to cover administrative
and marketing costs, usually based on a percentage of gross or net sales.

4. Franchise Fees: An up-front charge that the operator pays to use the licensed concept.

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Instructions for Worksheet RPIE-2020 - Self-storage facilities Page 6

5. Credit Card Fees: All merchant fees charged by credit card companies for the acceptance of
credit cards as a form of payment.

6. Supplies: All purchases of items not for resale that are used in the management and operation
of the business. Cleaning products and office supplies fall into the supply category.

7. Advertising: All costs associated with advertising the business, including billboards, radio spots,
print, internet and social media.

8. Property Maintenance and Repairs: Amounts paid or incurred for contracts with maintenance
companies. Include any amounts that were paid for routine repair services and for material or
parts used for repairs. Do not include reserves for replacements.

9. Energy: Costs of electricity, fuel oil, gas or steam, water and sewer.

10. Management and Administration: Salaries/wages/payroll taxes and employee benefits, legal and
accounting fees, office supplies, etc.

11. Other Business (describe): The Other Business field should be reserved for expenses that can
not be otherwise categorized, such as petty cash and sundry. Filers will be prevented from en-
tering expense items that are ineligible. Please review the charts on pages 9 through 12 for
a list of frequently miscategorized expenses and corresponding expense categories.

12. Total Business Expenses: Calculated as the sum of lines 1 through 11 in “Section L – Business
Expenses.”

Calculation of Adjusted EBIDTA
Definition of EBIDTA: EBIDTA stands for Earnings Before Interest, Taxes, Depreciation and Amortization.
1. Gross Profit: Calculated by subtracting Total Cost of Goods Sold from Total Business Income

2. Less Total Business Expenses: Calculated as the sum of lines 1 through 11 in “Section L – Busi-
ness Expenses.”

3. Adjusted EBIDTA: Calculated by subtracting Total Business Expenses from Gross Profit.

SECTION L2- RECAPITULATION, FURNITURE, FIXTURES AND EQUIPMENT
Furniture, Fixtures and Equipment (FF & E): Movable furniture, fixtures or other equipment that have
no permanent connection to the structure of the building or utilities.

PART III: NOT APPLICABLE FOR SELF-STORAGE FACILITIES

PART IV – RPIE CERTIFICATION

To successfully submit your RPIE filing you must certify the information by clicking “Sign and Submit.”
If you do not complete this step you will not be in compliance with the RPIE filing requirement.

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Instructions for Worksheet RPIE-2020- Self-storage facilities                                   Page 7

 MISCELLANEOUS EXPENSE CATEGORIES CHART

            Types of             Correct                                Types of             Correct 
        Expenses                 Category                              Expenses              Category

Advertising related to specific                               A/C repairs or upkeep          
property rentals                                              Air conditioning repairs       
Newspaper ads                                                 or upkeep                      
NYC illuminated sign charge     Advertising                   Alarm system maintenance       
Promotional ads                                               Appliance repairs              
Television ads                                                Asbestos maintenance           
                                                              Asphalt repair                 
Cleaning service contract       Cleaning                      Boiler repairs                 
                                Contracts                     Building repairs               
                                                              Burglar and fire alarm system  
Con Ed steam                                                  maintenance                    
Gas for heating                 Fuel                          Carpenters                     
Oil                                                           Chemicals for cleaning         
                                                              Cleaning Service               
Boiler explosion premium                                      Cleaning Supplies              
Fire premium                                                  Electrical system repairs      
Liability premium               Insurance                     Electricians                   
Rent fidelity bonds premium                                   Elevator repairs               
Theft premium                                                 Emergency repair service       
                                                              Equipment rental               
Brushes                                                       Exterior painting             Repairs 
Decorating                                                    Exterminator/Pest Control     and 
Interior Painting               Interior                      Gardening                     Maintenance
Labor for interior decorating   Painting                      Gas service 
Paint                           and                           General maintenance 
Painting and Plastering         Decorating                    and repairs 
Spackling                                                     Glaziers 
Wallpaper                                                     Graffiti removal 
                                                              Hall maintenance 
Amortized leasing commissions                                 Hardware 
Brokers' fees                                                 HVAC 
Consultants' fees               Leasing                       Insecticide 
Leasing agent's fees            Commissions                   Intercom repairs 
Leasing contracts                                             Iron work 
Prorated leasing commissions                                  Janitorial Services 
                                                              Janitorial Supplies 
City and State utility tax                                    Landscaping 
Electricity                     Light                         Lawn 
Gas for cooking stove           and                           Lobby Maintenance 
NYC and NYS utility tax         Power                         Locksmiths 
                                                              Masonry 
                                                              Outside labor 
                                                              Parking lot repairs

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Instructions for Worksheet RPIE-2020- Self-storage facilities                                        Page 8

             Types            Correct                                     Types of                Correct 
        of Expenses           Category                                    Expenses                Category

Plastering                                                    Escalation billing service          
Plumbers                                                      Eviction fees (except $1000         
Plumbing repairs                                              and under)                          
Pointing ($500 or less)                                       Food for watchdogs                  
Pollution repairs                                             General office expense              
Refrigeration repairs                                         Inspections (boilers, elevator,     
Roof repairs                                                  fire, etc.)                         
Safety devices                                                Interim Multiple Dwelling filing    
Security                                                      fee                                 
Sidewalk repairs             Repairs                          Keys                                
Smoke detectors              and                              Legal Fees                          
Snow removal                 Maintenance                      Loft Board fees                     
Sprinkler system maintenance                                  Management agent fees               
Stairwell maintenance                                         Management fees                     
Supplies necessary for                                        Marshall's fees                     
maintenance and repairs                                       Maximum base rent filing fee       Management 
Swimming pool maintenance                                     Membership fees                    and 
Tile repairs                                                  Messenger ($200 or less)           Administration 
Waterproofing                                                 Meter reading service (water        
Welders                                                       meters, electric meters, etc.)      
Window cleaning                                               Office expense                      
Window guards                                                 Office Supplies                     
                                                              Outside management                  
Accounting Fees                                               Outside services (other than        
Administrative fees                                           subcontracted labor)                
ADT computer payroll service                                  Permits                             
Association dues                                              Post Office Box fee                 
Auditing                                                      Postage                             
BID fees                                                      Professional Fees                   
Bookkeeping fees                                              Protection                          
Building registration fee                                     Real Estate Publications and        
Carting                                                       Journals                            
Certified mail               Management                       Realty Advisory Board fees          
Collection fees              and                              Rent collection fees                
Computer processing          Administration                   Rent stabilization association fee  
Consultation fees                                             Rubbish removal                     
Credit Card Fees                                              Scavenger service 
Credit Check                                                  Security Guards 
Data processing costs                                         Security Service 
DHCR Monitoring                                               Service charges 
Directory service                                             Service contracts 
Dispossess filing fees                                        Settlement 
Dues                                                          Small property owners 
Elevator service contract                                     association 
Environmental protection                                      Stationery

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          Types of              Correct 
          Expenses              Category

Superintendent's telephone      
Tank registration               
Telecommunication               
Telephone                       
Tenant relations                
Trash/Garbage/Rubbish          Management 
removal                        and 
Uniforms                       Administration 
Uniforms (purchase and          
cleaning)                       
Vault tax                       
Water conditioning              
Water purification              
Water treatment service         
                                
Disability welfare              
Employee benefits               
Federal unemployment insurance  
Federal, State and City         
withholding tax                 
FICA social security tax        
Health insurance                
Hospitalization                 
Major medical                  Wages 
Management commissions         and 
New York State unemployment    Payroll 
insurance                       
Payroll Tax                     
Pension                         
Salaries (except directors &    
officers)                       
State unemployment insurance    
Union dues                      
Workmen's compensation          
 
Frontage 
                               Water and 
Sewer charges or taxes 
                               Sewer
Water charges or taxes

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Instructions for Worksheet RPIE-2020 - Self-storage facilities                             Page 10

Below are Ineligible Miscellaneous Expenses and expenses that are Eligible to be included in the 
Expense portion of the RPIE.

                               Ineligible Miscellaneous Expenses

Air rights                     Engineer's fee                       Personal insurance 
Alterations                    Equipment purchase                   Pointing - over $500 
Amortization (except leasing)  Estimate expenses (except real  Projected expenses 
Appliances                     estate taxes)                        Pro-rated expense of any kind 
Appraisal fee                  Financial charges or expenses        (except leasing and insurance) 
Architects fees                Fines                                Public phone charge 
Automobile expenses            Franchise taxes                      Real estate abatement fees 
Bad debt                       Furniture                            Real estate fees 
Bank charges                   General expense                      Real estate taxes  
Blanket insurance policies     Gifts                                Rebates 
Bond premium                   Ground rent                          Recovery charges 
Building rent                  Health club/gym                      Refunds 
Business insurance             Improvement loan                     Reimbursements of any type 
Business organization expenses In rem payments                      Renovations 
Cable service                  Income taxes                         Rent 
Capital improvements           Insulation                           Rent strike settlement 
Car fare                       Intercom                             Reserves for replacement 
Certificate of occupancy costs Interest payments                    Return of rent 
Certiorari costs               J51 exemption/abatement filing  Safe deposit boxes 
Christmas expenses             fee (421a filing fee)                Storage 
Claims of any kind             Janitor's apartment and/or utilities Superintendent's apartment 
Closing costs                  General expense                      and/or utilities 
Commercial rent tax            Late charges                         Tenant buyout 
Commitment costs               Lawsuit settlement                   Tenant holdovers 
Common charges                 Lease cancellation costs             Tenant moving expense 
Compactor                      Lease surrender                      Tenant refund 
Computer purchases             Leasehold interest                   Tenant's refund 
Construction                   Lien                                 Termination fee 
Consultation fee (other than   Local law 5 or 10 filing fee         Title insurance 
that specified for management  Management training                  Transportation 
or leasing)                    Merchants association dues           Travel 
Contributions                  Miscellaneous expense                Unincorporated business tax 
Corporation expenses           Mortgage Interest                    Vacancy 
Corporation taxes              Negative (bracketed) amounts         Vacancy and loss of rent 
Debt service                   Occupancy tax                        Vacating expense 
Delivery expense               Office rent                          Variance costs 
Demolition                     Officers' salaries                   Violations 
Depreciation                   Organization expenses                Write off on leasing & renting 
Drawing                        Parking                              Zoning fees 
Dumpster                       Partners' salaries                   Xmas expenses 
Electrical survey              Penalties 

                               Eligible Miscellaneous Expenses

Petty cash           Lease buy-out                             Special assessments Sundry

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Reserve for Replacement Items

1. Air conditioning equipment and systems (roof-top)
2. Air conditioning units in existing sleeves replacement
3. Bathroom and kitchen exhaust fans
4. Bathroom cabinet/countertop/flooring replacement
5. Bathroom plumbing fixtures/controls/fittings replacement
6. Cooling plants (including cooling towers, piping and ductwork)
7. Decking replacement
8. Elevator upgrade/replacement
9. Emergency generators replacement/installation
10. Exterior door/storm door replacement/installation
11. Exterior painting/caulking/weatherproofing
12. Exterior siding replacement/installation
13. Gutter system replacement/installation
14. Hard-wired smoke detector system/carbon monoxide detector system
15. Heat/fire/smoke suppression systems
16. Heating equipment/controls replacement/installation
17. Heating plant components (boilers/furnaces, piping/ductwork and chimneys/flues) replacement/installation
18. Hot water heaters/controls replacement/installation
19. Kitchen appliance replacement
20. Kitchen cabinet/countertop/flooring replacement
21. Kitchen plumbing components/controls/fittings replacement
22. Laundry appliance replacement
23. Masonry re-pointing, minor brick replacement
24. Parking structure modification
25. Pool/tennis court/fitness center/playground replacement
26. Roof surface replacement/installation
27. Security systems replacement
28. Site grading and retaining wall replacement/installation
29. Site paving replacement/installation, including parking areas and sidewalks

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FILING DEADLINE: JUNE 1, 2021
RPIE-2020 CONFIDENTIAL

REAL PROPERTY INCOME AND EXPENSE FORM
Self-Storage Facilities
Check Your Mailing Address: All owners must maintain a current mailing address for each prop-
erty with the NYC Department of Finance. To check your mailing address for this property, look at
the latest Property Tax Bill found. Mailing addresses can be updated online or by calling 311.

Address of Property: ____________________________________________________________________________________________

Borough: ________________________________________ Block:_______________________ Lot: ________________________
SECTION A - OWNER / FILER INFORMATION

1a. Owner’s Name: _____________________________________________________________________________________________
b. Owner’s Employer Identification Number: c. Owner’s Social Security Number:
OR

d. Additional Owner’s Name: _____________________________________________________________________________________
e. Additional Owner’s Employer Identification Number: f. Additional Owner’s Social Security Number:
OR

2a. Name of Entity Filing (if different from the owner): ___________________________________________________________________
b. Filer’s Employer Identification Number: c. Filer’s Social Security Number:
OR

d. Entity’s Relationship to the Property: ❑ Owner ❑ Lessee ❑ Owner Representative ❑ Lessee Representative
SECTION B - CONTACT INFORMATION

1. Contact Name: _____________________________________ 2. Firm Name:___________________________________________

3. Address:____________________________________________________________________________________________________
NUMBER AND STREET

City:______________________________________________ State: _____________ Zip Code: _________________________

4. Telephone #: ______________________________________ 5. E-mail Address: _______________________________________

SECTION D - RPIE EXCLUSIONS
To be completed ONLY if you are not required to File an RPIE for Tax Year 2020.
I am not required to file a RPIE for this year because my property:
a. ❑ has an Actual Assessed Value of $40,000 or less.
b. ❑ is exclusively residential with 10 or fewer apartments.
c. ❑ is primarily residential with 6 or fewer apartments and no more than one commercial unit, and is in Tax Class 1 or Tax Class 2.
d. ❑ is a residential cooperative apartment building with less than 2,500 square feet of commercial space (not including garage space).
e. ❑ is an individual residential unit that was sold and is not owned by the sponsor.
f. ❑ is rented exclusively to a related person or entity.
g. ❑ is occupied exclusively by the owner but is not a department store with 10,000 or more gross square feet; hotel or motel;
parking garage or lot; power plant; or other utility property; selfstorage warehouse; gas station; car wash or theater.
h. ❑ is owned and used exclusively by afully exempt not-for-profit organization or government entity and generates no rental income.
i. ❑ is vacant or uninhabitable and non-income-producing for the entire year.
j. ❑ is vacant, non-income-producing land.
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. 2.10.2021

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RPIE-2020 - Real Property Income & Expense Form - Self-Storage Facilities Only Page 2

SECTION E - VACANCY INFORMATION

1 Percentage of Space that was vacant as of the taxable status date (January 5, 2021): ________________%

SECTION H - LEASE AND OCCUPANCY INFORMATION

1. Does the tenant lease the entire property? ❑ Yes ❑ No
2. Does the tenant pay utility expenses? ❑ Yes ❑ No
3. Does the tenant pay maintenance and repair expenses? ❑ Yes ❑ No
4. Does the tenant pay property tax for the space occupied? ❑ Yes ❑ No
5. What is the Annual Rent paid to the Property Owner? ______________
6. Is the net lessee or owner related party subleasing any of the property?
if YES, then please provide responses to questions 6a-c.
a) What is the Square Footage? ______________
b) What is the Use of Space? ______________
c) What is the Annual Rent? ______________
7. Are you filing as ground lessor?
if YES, then please respond to question 7a
a) What is the Ground Lease Amount that you are receiving? ______________

SECTION I - REPORTING PERIOD

1. The 2020 income and expense statement is for a: The 2019 income and expense statement is for a: The 2018 income and expense statement is for a:

❑ Calendar Year ❑ Fiscal Year ❑ Partial Year ❑ Calendar Year ❑ Fiscal Year ❑ Partial Year ❑ Calendar Year ❑ Fiscal Year ❑ Partial Year

2. Indicate the period covered in this statement: Indicate the period covered in this statement: Indicate the period covered in this state-
ment:
Month Year Month Year Month Year Month Year Month Year Month Year

From ________/ 2020 To ________/ 2020 From ________/ 2019 To ________ / 2019 From ________/ 2018 To ________/ 2018

3. Name of the Facility: __________________________________________________________________________________________

SECTION K - INCOME & FEES. Do not list any negative figures.
2020 2019 2018
Income ($ per year) Income ($ per year) Income ($ per year)
(Round to nearest $) (Round to nearest $) (Round to nearest $)

Self-Storage Real Estate Rental Income

1. Rent
Self-Storage Unit Rental Business Income

1. Self-Storage Unit Rentals

Total Rent

Other Business Income

1. Merchandise

2. Truck Rentals

3. Outdoor Vehicle Storage

4. Other Sales

5. Total Business Income

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RPIE-2020 - Real Property Income & Expense Form - Self-Storage Facilities Only                            Page 3
 SECTION K -  INCOME & FEES (CON’T)  Do not list any negative figures.
                                         2020                                  2019                  2018 
                                         Income ($ per year)                   Income ($ per year)   Income ($ per year) 
                                         (Round to nearest $)                  (Round to nearest $)  (Round to nearest $) 
Other Income 
 
  1. Signage / Billboard 
 
  2. Cell Towers 
 
  3. Other (describe): 
 
     a. 
 
     b. 
 
     c. 
 
     Total Other Income  
 
Cost of Goods Sold 
 
 1. Merchandise 
  
 2. Truck Rentals 
 
 3. Outdoor Vehicle Storage 
 
 4. Other Sales 
 
 5. Total Cost of Goods Sold 
 
 6. Gross Profit of CGS (Total Business  
  Income less Total Cost of Goods Sold) 
 SECTION L - BUSINESS EXPENSES.  Do not list any negative figures.
                                         2020                                  2019                  2018
     Expenses ($ per year)               Expenses ($ per year)                 Expenses ($ per year) 
                                         (Round to nearest $)                  (Round to nearest $)  (Round to nearest $) 
  
 1. Labor Costs 
  2. Insurance 
  3. Royalty Fees 
  4. Franchise Fees 
  5. Credit Card Fees 
  6. Supplies 
  7. Advertising 
  8. Property Maintenance and Repairs 
  9. Energy 
10. Management and Administration 
11. Other (describe): 
     a. 
     b.  
     c.  
12. Total Business Expenses

- 16 -

RPIE-2020 - Real Property Income & Expense Form - Self-Storage Facilities Only                            Page 4
SECTION L - EXPENSES (CON’T).  Do not list any negative figures.
                                               2020                            2019                  2018 
                                               Expenses ($ per year)           Expenses ($ per year) Expenses ($ per year) 
                                               (Round to nearest $)            (Round to nearest $)  (Round to nearest $) 
 
Calculation of Adjusted EBIDTA 
1. Gross Profit of CGS + Total Rent 
    + Total Other Income 
2. Less Business Expenses 
    (#12 above) 
3. Adjusted EBIDTA 
SECTION L2 - RECAPITULATION, FURNITURE, FIXTURES AND EQUIPMENT.  Do not list any negative figures.
                                               2020                            2019                  2018 
                                               Expenses ($ per year)           Expenses ($ per year) Expenses ($ per year) 
                                               (Round to nearest $)            (Round to nearest $)  (Round to nearest $) 
 
Furniture, Fixtures and Equipment (FF & E) 
Used in Self-Storage facilities 
 
 1. Is there a reserve for FF & E? 
  ❑ YES      ❑ NO 
 2. Contribution to reserve in reporting year 
 3. Cost of FF & E items purchased in 
  reporting year
                 
 4. Book cost of all FF & E at year end 
 
 5. Depreciation of FF & E for reporting year 
                                               
 6. Book cost less accumulated depreciation

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