Step Up Lease | Practical Law

Step Up Lease | Practical Law

Step Up Lease

Step Up Lease

Practical Law Glossary Item 3-502-8714 (Approx. 2 pages)

Glossary

Step Up Lease

A lease agreement that has a fixed rent like a gross lease, but also provides for increases at set periods in the future. The increases may be predetermined or calculated according to a defined formula.