utility stop
utility stop
A cap on the utility expenses used to calculate a tenant's pro rata share of building operating expenses.It may be desired as a lease term by a small-space user who does not wish to assist in paying the power bills for a large user with seemingly excessive utility needs disproportionate to the space it is occupying.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.