premises cost

USAGE SUMMARY

The phrase "premises cost" is correct and usable in written English.
It can be used when discussing the expenses associated with a physical location or property, typically in a business context. Example: "The premises cost for our new office location has significantly increased our monthly expenses."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

3 human-written examples

They need premises and premises cost money.

BBC

The Times said a former office manager had claimed the premises cost only about £3,000 a year to run.

BBC

Purchasing and fitting out the London premises cost around £1 million.

Wikipedia

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

The cost per total extended hour is up to £280, with practices needing to cover premises' costs and reception, nurse and GP hours.

The Guardian

Arts projects becoming more commercially astute, cutting premises costs, collaborating more and building stronger links with their communities are all to be welcomed.

The Guardian

In this study, one of the most cost driving units was hospital care, including nursing/caring staff and premises costs.

BMC Health Services Research

Local costs will be used to calculate the costs of the interventions, which will include staff costs, premises costs and costs of leaflets and other consumables.

BMC Health Services Research

Local values will be used to calculate the costs of the interventions, which will include staff costs, premises costs and costs of leaflets and other consumables.

BMC Public Health

Intermediate inputs include drugs and gases, clinical supplies, catering, hotel services, laundry, bedding, energy, establishment and premises costs.

European Journal of Health Economics

In addition, specific training costs for staff will be calculated in terms of staff time, premises costs and the cost of training materials.

BMC Health Services Research

The corresponding cost driving units within hospital care were hospital care, including nursing/caring staff and premises costs (26%), and radiology costs, which is part of the medical service (43%).

BMC Health Services Research

Expert writing Tips

Best practice

When discussing business finances, be specific about what ""premises cost"" includes (e.g., rent, utilities, maintenance) for clarity.

Common error

Avoid using ""premises cost"" as a catch-all term for all business expenses. Differentiate it from other overhead costs like salaries or marketing to maintain accurate financial reporting.

Linguistic Context

The phrase "premises cost" functions as a noun phrase, typically acting as the subject or object of a sentence. It refers to the expense associated with maintaining a physical location. Ludwig examples confirm its usage in various contexts.

Expression frequency: Rare

Frequent in

Science

33%

News & Media

33%

Wiki

33%

Less common in

Formal & Business

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "premises cost" refers to the expense associated with maintaining a physical location. Ludwig AI confirms that the phrase is grammatically correct but relatively rare in occurrence. Its usage spans across science, news media and wiki contexts. Alternatives include "property costs" or "facility expenses". When using "premises cost", specificity regarding included expenses is crucial for clarity. Understanding this phrase is essential for anyone involved in financial management, budgeting, or property management.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

property costs

Focuses on the expense associated with owning or renting property; a more general term.

facility expenses

Emphasizes costs related to maintaining and operating a facility, rather than just the location itself.

building expenses

Specifies the costs related to the physical building, potentially excluding surrounding land.

rental costs

Refers specifically to the expense of renting a property, rather than ownership costs.

location costs

Highlights the expenses tied to a particular location, broader than just the building.

site expenses

Similar to "location costs", emphasizing the geographical site's associated expenses.

real estate costs

Broader term that includes the cost of buying, selling, or maintaining property.

accommodation costs

Relates specifically to the expense of housing or lodging facilities.

infrastructure costs

Encompasses costs for utilities, maintenance, and other infrastructure-related expenses on the premises.

overhead expenses

A more general business term including premises cost as one possible instance of overhead.

FAQs

How can I use "premises cost" in a sentence?

You can say, "The "premises cost" for our retail store has increased due to rising rents" or "The company is looking for ways to reduce its "premises cost"".

What are some alternatives to "premises cost"?

Alternatives include "property costs", "facility expenses", or "rental costs" depending on the specific context.

What does "premises cost" typically include?

The "premises cost" typically encompasses expenses such as rent or mortgage payments, utilities, property taxes, insurance, and maintenance related to the physical location of a business or organization.

How can a business reduce its "premises cost"?

A business might reduce its "premises cost" by relocating to a less expensive area, downsizing its office space, negotiating a lower rent, or transitioning to a remote work model.