Section 903.130  Rent and Rent Items

a)         Include:

1)         Rent of home office and branch offices.

2)         Rent for space occupied in buildings owned.

3)         Light, heat, power and water charges in leased premises.

4)         Interest, taxes, etc., paid in lieu of rent for leased premises.

5)         Cost of alterations and repairs of leased premises.

6)         Public liability insurance premiums.

7)         Rent of storage, safekeeping and warehouse space.

8)         Rent of safe deposit boxes.

9)         Rent of post office boxes.

10)       Time clock service charges.

11)       Cost of cleaning, towels, ice, water, electric lamp replacements and other expenses incidental to office maintenance.

b)         Exclude:

1)         Compensation to employees (see Salaries).

2)         Rent of furniture, equipment, and office machines (see Equipment).

3)         Rent of automobiles (see Traveling and Entertaining).

4)         Rent allowed reimbursed, or paid to managers, agents, brokers, solicitors and other producers (see Allowances to Managers and Agents).

5)         Items includible in Real Estate Expenses.

6)         Rent income from owned real estate.