Which of the following is not an example of a recurring cost?Stamp DutyConservancy chargesProperty taxProperty insurances
Question
Which of the following is not an example of a recurring cost?Stamp DutyConservancy chargesProperty taxProperty insurances
Solution
Stamp Duty is not an example of a recurring cost. This is a one-time cost that is paid at the time of buying a property. On the other hand, conservancy charges, property tax, and property insurance are all examples of recurring costs as they need to be paid on a regular basis (monthly, quarterly, or annually) for the upkeep, maintenance, and protection of the property.
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