Weekly Commercial Real Estate Terms

Recoverable Expenses Expenses paid by the tenant over and above the rent – see Pass throughs: Used to define those cases where a landlord passes certain expenses onto the tenant in addition to the rent. Typically, it applies to a full service gross lease where the tenant and the owner have agreed to an expense stop. The stop is the maximum amount the owner will pay each year and any expenses over the stop amount will be passed through to the tenant in addition to the rent. AKA Recaptured or Recoverable Expenses.]]>

Leave a Reply