REALWorld Law

Commercial leases

Changes in rent

If the rent is to be changed or increased how will the new rent be determined?

United States

United States

If the lease provides for the rent to be changed or increased, it will either specify the amount of such change or increase or will provide a mechanism, such as a procedure for appraisal by an independent expert, for its determination or increases tied to a specific metric, such as the Consumer Price Index (CPI) which is a US government published statistic mirroring the cost of living increases in a region.