Gross up Clause that Should be Used in an Expense Stop Stipulated Base or Office Net Lease

 Gross up Clause that Should be Used in an Expense Stop Stipulated Base or Office Net Lease
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State:
Multi-State
Control #:
US-OL19034IB
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Description

This office lease clause should be used in an expense stop, stipulated base or office net lease. 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 for each lease year to determine what the building operating costs. Such an adjustment shall be made by the landlord increasing the variable components of such variable costs included in the building operating costs which vary based on the level of occupancy of the building.

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