Rent Increases in Commercial Leases
Most commercial leases include an increase in rent to account for inflation either for each term or the lease or each year of the lease. A well-written lease will include the specific amount of rent for each year or term; however, we have come across some leases where the rent during a renewal term is left open to be determined based on a reasonable, commercial calculation. This type of language is open to interpretation and causes unnecessary headaches and issues between the tenant and landlord.
If you would like to discuss how we can help you draft, review, and/or negotiate a commercial lease on your behalf, please call Kapadia & Naik at 770-881-8081.