G
A provision that adjusts certain variable operating expenses to reflect a specified occupancy level.
A gross-up provision allows certain variable operating expenses to be adjusted to reflect a specified occupancy level. For example, expenses at a partially occupied building may be calculated as though the property were 95% or 100% occupied.
How REAL handles this in practice: CAM & OpEx recovery audit.
Gross-ups should generally apply only to expenses that actually vary with occupancy. Applying them incorrectly can materially increase a tenant's CAM charge.
How REAL helps
REAL identifies gross-up provisions and tests expense treatment against the lease-defined methodology.
REAL
REAL extracts and structures this field from your documents so your team can act on it — no manual abstraction required.