Phase in New and Unexpected Operating Expenses and Increases

March 31, 2014
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A new operating expense or a significant increase in a current operating expense might arise after you sign a lease, or after the base year, if you sign a base year lease. It could be an increase that neither you nor the owner expected, such as a big jump in real property taxes. Or the owner might do something, such as adding more elaborate or extensive landscaping, that you knew nothing about and that you feel the owner shouldn’t be able to pass through to you.

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