A clause in a Lease limiting the Lessor's liability for electricity and other utility costs. See Escalator Clause, Tax Stop.
Example: A utility stop of $2.00 per square foot requires the Landlord to pay up to that amount. Costs after that are passed on to the Tenants.

 
 
 

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Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more

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