Tax stop financial definition of tax stop
A clause in a lease that stops the escalation of tax expenses for either the landlord or the tenant.(1) A tenant tax stop would put an upper limit on the taxes a tenant must reimburse to a landlord under a net lease or triple-net lease. (2) A landlord tax stop would require the tenant to reimburse the landlord if property taxes in any year exceed a certain amount.
References in periodicals archive
STUCK WITH YOU Would tax stop
people dumping the gum we end up walking in?
Clause: A provision in a lease whereby real estate tax increases imposed on the lessor are passed along to the lessee as additional rent; also referred to as an Escalator clause.
This tax stops
the slide of our schools, and that is good for business.
3% SE tax stops
when your net income drops below zero.