Base Year
The year upon which a direct expense escalation of rent is based. See also: Escalation Clause (3).
More Real Estate Definitons
MortiseTenureMeterTraffic CountNomineeJudgment ProofUse ValuePer AnnumJoint AppraisalFasciaLeaderHiatusWharfUsufructX-BracingQuestion Of LawJoint TenantsCounter OfferPer StirpesValveQuarter SectionChapelZoneGap CommitmentYard LumberRenewal OptionGraduated leaseMeridianGirtAshlar (Ashler)JointureValid leaseCreditorGross AcreWater MarkContributionRepairsVergeboardParticipationWater LevelVicinageSet-Off