In a graduated lease,rental payments are _____.
A)based on sales
B)known in advance by the retailer and property owner
C)based on actual increases in property expenses
D)based on a retailer's profits

Question

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In a graduated lease, rental payments are known in advance by the retailer and property owner. The rental payments increase gradually over time, usually in predetermined amounts or percentages, allowing the retailer to plan for and budget for the increasing costs of leasing the property. The rental payments are not based on sales, actual increases in property expenses, or a retailer's profits.

In a Graduated Lease,rental Payments Are _____