An "Expense Stop" Provision in a Lease

question 2

Multiple Choice

An "Expense Stop" provision in a lease:

• A) Puts a limit on the amount of building operating expenses the tenant must pay.
• B) Puts a limit on the amount of building operating expenses the landlord must pay.
• C) Puts a limit on the amount of building operating expenses the property manager must pay.
• D) Puts a limit on the total operating expenses of a building.

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Definitions:

Local Ordinance

Laws, regulations, or codes enacted by local governments (such as cities or counties) to govern issues within their jurisdiction.

Governing Unit

An organization or body that holds the authority to make decisions and regulations for a particular group or area.

Ethical Dimension

Refers to the moral aspects that arise in various contexts, guiding right or wrong behavior and practices.

Administrative Agencies

Governmental bodies with the authority to implement and enforce specific legislative acts through the creation of rules, regulations, and procedures.