The base year is, more often than not, the first year of a commercial rental period that sets a standard for the amount tenants will pay for building expenses for each succeeding year. The base year is typically the first year of the lease term, but it can also be earlier or later, depending on what is agreed upon between parties.
Base year
The base year is, more often than not, the first year of a commercial rental period that sets a standard for the amount tenants will pay for building expenses for each succeeding year. The base year is typically the first year of the lease term, but it can also be earlier or later, depending on what is agreed upon between parties.
