Respuesta :
The tenant signed the graduated lease that includes a schedule of rent increases on specific dates over the course of the lease term.
What is a graduated lease?
The conditions under which one party agrees to rent property from another party are set forth in a lease, which is a legal instrument.
The monthly payments between a landlord and tenant, or a lessor and a lessee, are periodically modified under the terms of a graded lease.
Because of changes in the market or an increase in the value of the leased property, a tenant can be asked to pay a higher rent.
For real estate contracts where property values increase over time, a graded lease might be a better option.
Graded leases are another name for graduated leases. Compared to conventional straight or fixed leases, which typically have lengths of one to two years, graduated leases are more frequently structured for longer periods of time.
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