pass-through
American Heritage Dictionary:
Top
pass-through
(păs'thrū')
n.
n.
- An opening between two rooms, especially a shelved space between a kitchen and dining room that is used for passing food.
- A route through which something is permitted to pass.
- A security that passes through payments made by debtors, thus providing investors with regular returns. Also called pass-through security.
- See pass-along.
Barron's Real Estate Dictionary:
Top
pass-through
1. operating expenses that can be charged to the tenant along with the usual rent , as defined in the lease.
See net lease, escalation clause .
Example: Common pass-throughs in commercial leases are tax stops, stop clauses, and common area maintenance (cam).
2. same as pass - through certificates .
| Pass-Through Certificates (or securities), Partywall | |
| Passive Activityincome, Passive Income |
Top
1. An opening in a partition for passing things from one adjoining space to another, usually between a kitchen and a dining space in a dwelling, but also between any two spaces in a building.
2. A provision in a lease that makes the tenant, rather than the owner, directly responsible for certain costs.
Post a question - any question - to the WikiAnswers community:
Copyrights:
American Heritage Dictionary
The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.
Read more
Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
Read more
