PM07: Assessment Mechanics and Operating Budget Effect

The assessment is repaid on the property tax bill and collected the way property taxes are. It is not a loan you service and not a line you manage in the owner’s operating account. The six-stage billing path is mapped from assessment agreement through payoff or transfer, followed by the seven budget lines that move — one up, five down, and tenant recoveries up where the leases permit. On the NOI conversation, the guidance is to state it carefully: present the assessment as a new expense line and the offsets as offsets, because owners and their accountants will find the assessment on the tax bill regardless, and a manager who presented only the upside loses the room. Includes escrow, lender and accounting touchpoints and an eight-item first-year checklist.