A clause providing for payment or interest adjustments if certain events occur, such as a change in the property taxes or the prime interest rate.
A part of a lease or rental agreement that stipulates when rent or lease costs can rise.
Clause in an author's contract that entitles the author to additional or increased payments from the publisher should the book in question achieve certain measures of success. These may include one or more appearances on a best-seller list, a movie sale, or a book club sale. Another escalation clause may enable the author to earn a higher royalty rate as the number of copies sold reaches specified levels.
provision of a contract which calls for an increase in price ( wages, rent, etc.) in the event of an increase in certain costs.
A term used in the Guarantee that allows for an increase in the Guarantee amount when a specified condition has been satisfied, eg, stage payments effected under a contract.
a clause in a purchase and sale agreement that, under certain circumstances, automatically elevates the offer price so as to beat any other offer
a contract provision or addendum that stipulates an increase in price should there be a higher offer, up to a specified amount
A clause in an agreement that provides for the adjustment of a price or rent based on some event or index.
The right reserved by the lender to increase the amount of the payments or interest rate upon the happening of a designated event, usually the sale of the property and the subsequent assumption of the existing loan. Not normally used in residential loans. Also refers to rent increases tied to a cost-of-living index.
A clause in lease agreements which provides that the rentals shall increase on certain eventuality, e.g., on increase in interest rate or on non-availability of certain tax benefits.
A contract provision which permits the adjustment of contract prices by an amount or percent if certain specified contingencies occur, such as changes in the vendor's raw material or labor costs.
A lease provision that specifies a rental increase during the lease term.
A lease provision that requires a tenant to pay more rent based on an increase in costs.
A clause in a bid providing for a price increase under certain specified circumstances.
A clause that allows for increases in rent over time usually determined by an outside source such as the consumer price index.
A clause in a contract providing for increases or decreases in rent payments in accordance with fluctuations of certain costs or expenses of the landlord.
A clause in a lease that allows the landlord to increase rent in the future. Rent increases dictated under an escalation clause may be charged in various ways, including: • A fixed increase over a definite period• A cost-of-living increase tied to a government index, such as the tax rate• An increase directly related to increases in operating the property
In a lease, provides for lessee to bear the amount of any increase in a particular expense over an established lease year.
A clause in a lease providing for an increased rent at a future time due to increased costs to lessor, as in cost of living index, tax increases, etc.
A clause in a lease which provides for the rent to be increased to reflect changes in expenses paid by the landlord such as real estate taxes, operating costs, etc. This may be accomplished by several means such as fixed periodic increases, increases tied to the Consumer Price Index or adjustments based on changes in expenses paid by the landlord in relation to a dollar stop or base year reference.
Specified in lease agreements wherein renewals of lease period are built in. It involves an increment in the base rent at every renewal of a lease agreement and is generally a percentage rate that is either pre agreed or negotiated before the renewal of the lease agreement.
stipulation in a promissory note authorizing periodic increase of interest rate, or a provision in a long-term lease authorizing periodic increase of rental.
A clause in a selling contract which provides for the seller to be offered a higher price should the buyer or another party makes a higher bid in the market within a certain period.
A clause in a lease providing for increased rent at a future time. May be accomplished by several means such as (1) Fixed increase-- a provision that calls for a definite, periodic rental increase; (2) Cost of living-- A cost that ties the rent to a government cost of living index, with periodic adjustments as the index changes; or (3) Direct Expense-- Rent adjustments based on changes in expenses paid by the landlord, such as tax increases, increased maintenance costs, etc.
Provides for increases in rent over a specified period of time. Most commercial leases contain escalation clauses. Ascertain how the increase is determined. Is it keyed to actual increases in the landlord's operating costs or to some outside index
A clause in a lease providing for an increased rental payment at a future time. Escrow Delivery of a deed by a grantor to a third party for delivery to the grantee upon the happening of a contingent event or events.
A clause in a purchase contract providing for upward adjustment of the contract if specified contingencies occur; price escalation clause.
A clause in a lease providing for an increased rental at a future time. May be accomplished by several types of clauses, such as (1) Fixed increase - A clause which calls for a definite, periodic rental increase. (2) Cost of living - A clause which ties the rent to a government cost of living index, with periodic adjustments as the index changes. (3) Direct expense - The rent is adjusted according to changes in the expenses of the property paid by the lessor, such as tax increases. increased maintenance costs, etc.
Provision in a lease that requires the tenant to pay more rent based on an increase in costs. Alternately, a provision in a loan agreement or mortgage in which the entire debt becomes immediately due upon the occurrence of an item such as missing three consecutive monthly payments or when the current ration falls below 1.0.
A in a contract providing for the upward or downward adjustment of certain items to cover specified contingencies.
A clause in a lease which causes a rent increase, contingent on a specific action.