stop clause

stop clause

See expense stop.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Stop 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.
Obviously, the dreaded stop clause was not invoked.
But on March 20 came word that Martin Markinson, owner of the Helen Hayes, had invoked the stop clause, giving the "Squonk" producers two weeks to vacate the venue.
It recovered a bit in January, but the Shubert Organization, which owns the Royale, invoked the stop clause when figures fell below a certain level during 1999.