Leases
Graduated lease
A lease with rent that steps up at points fixed in advance
The increases are written into the lease as stated amounts on stated dates rather than left to later negotiation. It suits a new business that expects to be able to pay more later and a landlord who wants the tenant now.
How the exam asks about it
Distinguished from an index lease, where rent moves with a published index instead of a schedule agreed at signing.
Quick check: Graduated lease
One question. Pick an answer to see the explanation.
Which term is being defined: “A lease with rent that steps up at points fixed in advance”?
Related terms
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