A lease provision that provides that rent will increase in a predetermined amount on a predetermined date is known as a:

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A bump increase is a lease provision that specifies a predetermined rent increase on a predetermined date. It is also known as a step-up lease or a graduated lease. A CPI escalator refers to rent increases that are tied to the Consumer Price Index, a measure of inflation. A percentage rent clause requires the tenant to pay a percentage of their gross sales as rent. A net lease requires the tenant to pay a portion of the operating expenses of the property in addition to rent.

A Lease Provision That Provides That Rent Will Increase in a Predetermined