Christy's new office lease states that rent will increase by 2% per year to cover tax increases.This is known as a(n)

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An escalator clause is a provision in a lease or contract that allows for the adjustment of certain costs, such as rent, to cover increases in other expenses, like taxes. In this case, Christy's office lease includes an escalator clause that stipulates a 2% annual rent increase to account for tax increases.

Christy's New Office Lease States That Rent Will Increase by 2