Gross Up Clause

 Gross up Clause that Should be Used in a Base Year Lease
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State:
Multi-State
Control #:
US-OL19034IA
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Available formats: Word | Adobe PDF

Description

This office lease clause should be used in a base year lease. This form states that when the building is not at least 95% occupied during all or a portion of any lease year the landlord shall make an appropriate adjustment in accordance with industry standards of the building operating costs. This amount shall be deemed to be the amount of building operating costs for the year.

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FAQ

How do you calculate gross up expenses?

How do you calculate gross up?

What is a gross up clause in a lease?

What expenses can be grossed up?

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What is a gross up provision in a commercial lease?

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