cost of premises

USAGE SUMMARY

The phrase "cost of premises" is correct and usable in written English.
It can be used when discussing expenses related to physical locations or properties, such as rent, utilities, and maintenance costs. Example: "The cost of premises has significantly increased this year, impacting our overall budget."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

Findings further show the additional cost of premises procured in the above manner and the ability of the scheme to meet the government's objectives in the later phases.

International Journal of Project Management

If half of those were on full scholarships, NCH would have an annual income of about £800,000, from which it would pay a teaching staff of 36, and cover the cost of premises at Bedford Square, London, and the tens of thousands of pounds in fees to the University of London to which the students are registered.

The Guardian

Cost for infrastructure: machinery/appliances for apprentices at the workplace, rent for premises necessary for apprenticeship training, cost of premises and infrastructure for company training centres.   5.

IZA Journal of Labor Policy

The allocation of joint costs for wards, for example, administration/support service cost, rental cost of premises and overheads, is based on number of pesticide self-poisoning patients.

BMJ Open

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

In practice, this abductive account looks rather similar to that of Lascarides and Asher, because it involves deploying axioms about discourse (in the form of Horn clause rules supplemented with weights giving the assumption costs of premises) that in effect are nonmonotonic.

SEP

To evaluate deployment costs, we apply these machine and data transfer costs to the performance results from Section 6.1, scale the ten minute deployment times to one month, and gradually change the ratio of premise-to-cloud deployment costs to assess the effects of varying cost of private premise on the overall deployment costs.

Journal of Internet Services and Applications

Google's employee-friendly reputation is under fire with claims that members of its workforce were reduced to tears over a near-70% rise in the cost of on-premises child care.

The Guardian - Business

Google says that the enterprise version of Gmail is a third of the cost of on-premise email solutions like Notes and Outlook/Exchange.

TechCrunch

All the while, the evolution of SaaS (software as a service) has allowed developers to offer on-demand deployment of powerful cloud-based solutions at a fraction of the cost of on-premise solutions.

Forbes

"When we set out to build Amazon Redshift, we wanted to leverage the massive scale of AWS to deliver ten times the performance at 1/10 the cost of on-premise data warehouses in use today," said Raju Gulabani, VP of database services, AWS, in a statement.

TechCrunch

"It's more complicated for a small business to take a deduction for the cost of their business premises when those premises are their home than it is for a bigger business to simply deduct its rent".

The New York Times

Expert writing Tips

Best practice

When discussing budget allocation, be specific about what "cost of premises" includes, such as rent, utilities, and maintenance, to avoid ambiguity.

Common error

Don't only consider rent when calculating the "cost of premises"; remember to factor in utilities, insurance, maintenance, and potential property taxes for a comprehensive view.

Linguistic Context

The phrase "cost of premises" functions primarily as a noun phrase that identifies the expenses related to occupying a physical location. As confirmed by Ludwig AI, this phrase is grammatically correct. Examples from Ludwig showcase its use in various contexts, from business operations to scientific research.

Expression frequency: Uncommon

Frequent in

Science

30%

News & Media

30%

Formal & Business

20%

Less common in

Academia

10%

Wiki

5%

Encyclopedias

5%

Ludwig's WRAP-UP

The phrase "cost of premises" refers to the expenses associated with maintaining a physical location. As Ludwig AI confirms, the phrase is grammatically sound and appropriate for use in both formal and informal contexts, particularly in business, scientific, and news reporting. The phrase is commonly used for financial assessments and budgetary planning. While "cost of premises" is appropriate, related phrases such as "property expenses" or "rental costs" can offer more specific alternatives. When using the phrase, it's crucial to include all relevant expenses like rent, utilities, and maintenance to ensure clarity and avoid overlooking hidden costs.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

property expenses

Refers broadly to all expenses associated with owning or renting a property.

rental costs

Specifically pertains to the expenses incurred from renting a property.

building costs

Focuses on the expenses related to the construction or maintenance of a building.

facility expenses

Encompasses all costs associated with maintaining a facility, including utilities and upkeep.

accommodation costs

Relates to the expenses of providing or securing lodging.

real estate costs

Expenses related to land and any structures on it.

leasing costs

Expenses related to leasing a property or space.

site costs

Expenses specific to the location or piece of land.

office space costs

The costs associated with renting or owning office space.

location expenses

General expenses related to the location of a business or residence.

FAQs

What does "cost of premises" typically include?

The "cost of premises" typically includes rent or mortgage payments, utilities (electricity, water, gas), property taxes, insurance, maintenance, and repair expenses.

What are some alternatives to saying "cost of premises"?

You can use alternatives like "property expenses", "rental costs", or "facility expenses" depending on the context.

How can I reduce the "cost of premises" for my business?

Consider options such as negotiating lease terms, downsizing to a smaller space, utilizing remote work arrangements, or relocating to a more affordable area.

Is "cost of premises" the same as "cost of property"?

While related, "cost of property" generally refers to the purchase price or market value, whereas "cost of premises" includes all ongoing expenses associated with occupying and maintaining the property.