Property Management
In a Wyoming commercial lease, the 'base year' concept is used in:
AGross leases only
BExpense stop leases to establish the baseline expense level above which tenants pay increases✓ Correct
CTriple net leases where all expenses pass directly to tenants
DPercentage leases to calculate minimum rent
Explanation
In an expense stop lease, the landlord pays all operating expenses up to a specified amount (the 'expense stop' or 'base year' amount) and the tenant pays any expenses above that level. This is a hybrid between gross and net leases common in office buildings.
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