gross up


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gross up

To artificially increase operating expenses in a project for accounting purposes in order to calculate each tenant's pro rata share of those expenses. Most commercial leases provide that actual operating expenses will be increased—grossed up—to what they would be if the project were 95 percent leased.That figure is then divided among the tenants according to their pro rata share of expenses,as determined by their pro rata share of leased space.

References in periodicals archive ?
These practices include golden parachutes, multiyear guaranteed contracts, overgenerous severance arrangements, golden coffins, poison pills, staggered boards, and gross ups.
We have seen disclosure of large tax gross ups for perks that are themselves not disclosed, and this obviously raises questions.
The coverage could include taxes due, penalties, interest, legal costs, and even gross ups if needed.