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base year |
Also found in: Acronyms, Encyclopedia | 0.01 sec. |
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base (expense) year In commercial leases, the year used as a measure of a tenant's obligation to pay the pro rata share of ever-increasing building expenses over time.The rent for the first year is usually calculated by the landlord so as to pay currently known building expenses and provide a profit. This is usually the base year. As expenses increase over time, the amount they exceed the expenses of the base year is the figure the landlord uses to calculate the tenant's pro rata share of the expenses. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Base Currency Base interest rate Base market value base period Base probability of loss Base rate base rent base year Basel Accord baseline Basic Balance Basic business strategies basic earnings per share Basic IRR rule basis |
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