Non-Discretionary Expenses means those Operating Expenses, the payment and amount of which are not within the discretion of Owner or Manager, including without limitation utility charges, salaries and benefits of Property employees, scheduled payments of principal and interest on indebtedness encumbering the Property,

Beside above, what are non discretionary items? Non-Discretionary Items means all real estate taxes, insurance premiums and utilities relating to the Property.

Just so, what is discretionary vs non discretionary?

Simply put, a discretionary account is one in which a broker makes trades, buying or selling securities, in an investors account without the investors approval. A non-discretionary account is one in which the investor decides on what trades to make.

What is non discretionary fiscal policy?

Non-discretionary fiscal policy, as the word suggests, is not at the discretion of the government. Such policies produce impacts automatically, what is called automatic stabilizers technically. Without specific new legislation, increase (decrease) budget deficits during times of recessions (booms).