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Expert Analysis

The Basics Of 'Gross-Up' Provisions

Law360, New York (November 7, 2011, 1:53 PM EST) -- To those who do not regularly deal with office leases, few concepts are as confusing as the gross up of operating expenses. Most tenants understand that in addition to base rent, tenants often directly reimburse their landlords for a portion of the building's operating expenses, e.g., real estate taxes, casualty insurance, maintenance and utilities....

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