Real Estate Lingo

Ever come across the term 'Escalation Clause' in real estate and wondered what it means? 🤔

It's a clause in a lease that allows for rent increases at a future time. This could be a fixed rate, tied to the cost of living, or based on property expenses like tax increases. Understanding these clauses is key to making informed decisions whether you're renting or leasing.

If you have any questions about lease terms, feel free to reach out!