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Step rent, also known as step-up rent or step-up lease, is a type of additional rent term found in commercial real estate where the rent increases or decreases at defined periods. It is generally used to simplify accounting by separating out the increases due to inflation into a separate row in the accounts.
A lease agreement in which the amount of future lease payments are calculated using an established index, typically the consumer price index (CPI) whereby an increase in the index will generate a corresponding increase in the lease payment to be applied.
Dictionary of Real Estate Terms for: index lease. Index lease. A rental agreement that requires changes in rent based on a published record of cost changes. Example: A landlord makes an index lease with initial rent at $10,000 per year, adjusted annually by the consumer price index (CPI).
Net Leased Investments are a type of commercial real estate investment common throughout the United States. ... Single Net Lease: Lessee pays a monthly base rent and the property taxes. The owner is responsible for all other operating expenditures of the property.
Graduated lease refers to an agreement under which a tenant and landlord agree to a periodic adjustment of monthly payments. In general, this means an increase in the tenant's payments due to either market conditions or an increase in the value of the leased property.
reappraisal lease. A lease in which the rent is adjusted based on an independent appraisal of the value of the property;frequently seen with long-term ground leases.
Straight Lease (Flat Lease) A lease specifying the same, a fixed amount, of rent that is to be paid periodically during the entire term of the lease.
A triple net lease (or “NNN” lease) is a form of real-estate lease agreement where the tenant or lessee is responsible for the ongoing expenses of the property, including real estate taxes, building insurance, and maintenance, in addition to paying the rent and utilities.
Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its exclusive possession and use for a specific period and under specified conditions, in return for specified periodic rental or ...
If you rent under a month-to-month rental agreement, the landlord can raise the rent (or change any other term of the rental arrangement) by giving you the proper amount of notice, which in most states is 30 days.
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