semi-gross definition

semi-gross lease means that some operating costs/outgoings are passed through to tenants,
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semi-gross lease means that some operating costs/outgoings are passed through to tenants, but not all of them. The actual costs that are passed through will vary from lease to lease, and may even vary within a building. In this situation, the landlord can only recover a contribution from the tenant if the tenant is paying for the service that is upgraded. For example, if the upgrade results in energy savings, and the landlord passes energy bills through to the tenant under the semi-gross lease, the tenant may be required to pay a contribution to the Building Upgrade Charge as long as the contribution does not exceed the savings to the tenant. If the landlord doesn't pass through the energy bills, the tenant can't be required to pay a contribution.
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Related to semi-gross

  • Consumption Data means customer specific electric usage data, or weather adjusted data, including but not limited to kW, kWh, voltage, var, power factor, and other information that is recorded by the electric meter for the Company and stored in its systems. Consumption Data also includes payment and service history, account number, and amount billed.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Gross gallons means an amount of motor fuel measured in gallons, exclusive of any temperature,

  • Aerosol cooking spray means any aerosol product designed either to reduce sticking on cooking and baking surfaces or to be applied on food, or both.

  • Pump spray means a packaging system in which the product ingredients within the container are not under pressure and in which the product is expelled only while a pumping action is applied to a button, trigger or other actuator.