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?
The party also wants to maintain the current tax 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.
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.