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.
Albuquerque New Mexico Gross up Clause that Should be Used in a Base Year Lease
Category:
State:
Multi-State
City:
Albuquerque
Control #:
US-OL19034IA
Format:
Word;
PDF
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