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Commercial Real Estate > Base Year Operating Expenses
The following information is about Base Year Operating Expenses.
Base Year Operating Expenses Defined
The cost the owner is paying to cover the cost of operating the building in a given year. i.e. Base Year 1995 expenses would reflect the cost to operate the subject building in 1995. In subsequent years you would pay the diffrence in the amount it costs to operate the building, based on the percentage of the building you occupy.
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