This refers to a settled monitary amount of operating expenses and taxes that the tenant is obliged to pay its prorated share of increases. It is often for the building on a square foot basis or as a whole. A dollar stop may also be applied to certain expenses such as insurance or property taxes.
Dollar stop
This refers to a settled monitary amount of operating expenses and taxes that the tenant is obliged to pay its prorated share of increases. It is often for the building on a square foot basis or as a whole. A dollar stop may also be applied to certain expenses such as insurance or property taxes.
