The escalation clause in a lease agreement, refers to a provision that allows the lessor (landlord) to increase the base rent when the lease agreement is renewed at the end of its term. The quantum of escalation, is usually a percentage of the rent and is agreed upon by both parties.
Escalation clause – lease
Recent Podcasts
- Keeping it Real: Housing.com podcast Episode 92
- Keeping it Real: Housing.com podcast Episode 91
- Keeping it Real: Housing.com podcast Episode 90
- Keeping it Real: Housing.com podcast Episode 89
- Keeping it Real: Housing.com podcast Episode 88
- Keeping it Real: Housing.com podcast Episode 87
