This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
Vermont Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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How to fill out Clause Providing For The Periodic Increase In The Tenant Security To Reflect Increases In Base Rent?
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FAQ
Variable CPI Rent Increase Also known as indexed rental escalation, this type increases the base rent to keep up with inflation.
Index Lease - A type of graduated lease in which the periodic rent increase are tied to increases in the consumer price index, or some other economic indicator.
How a Gross Lease Works. A gross lease is a type of lease that allows the tenant to use the property exclusively by paying a flat fee. It is commonly used for rentals in commercial property, such as office buildings and retail spaces that have numerous lessees.
In Vermont there is no cap on how much rent can be increased, however some rent increases over a certain percent increase may be eligible for mediation.
assessment of rent, often by reference to the market rent for comparable properties equivalent to a new lease of the property on the review date by a willing landlord to willing tenant for the actual property and terms of the existing lease, but subject to various assumptions and disregards.
Rent reviews allow the periodical adjustment of commercial rents to the market level current at the date of review. They take place at whatever intervals are agreed in the rent review clauses in the commercial lease.
A percentage lease is a rental that is based on a percentage of the monthly or annual gross sales made on the premises. Percentage leases are common with large retail stores, especially in shopping centers.
A graduated lease is an agreement between a landlord and tenant, or a lessor and a lessee, that sets out a periodic adjustment of monthly payments. A tenant may be required to pay a higher rent due to market conditions or an increase in the value of the leased property.
What's the Difference Between a Gross Lease vs Net Lease? The main difference between a gross lease and a net lease is that in a gross lease the landlord is responsible for paying the operating expenses, while in a net lease the responsibility of the operating expenses falls on the tenant.
A rent review clause is used to provide the landlord with an opportunity to review the level of rent payable by a tenant during the term of a lease.
