Multiple Choice
In commercial leases, rents do not necessarily have to be kept constant over the life of the lease term. One option is for there to be pre-specified increases in the contract rental rate over time, sometimes referred to as "step-ups" or "escalations." This type of rent treatment is commonly referred to as:
A) flat rent
B) graduated rent
C) indexed rent
D) percentage rent
Correct Answer:
Verified
Correct Answer:
Verified
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