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Vizio Television
on Nov 21, 2024

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Long-term leases generally have a rent escalation clause.

Rent Escalation Clause

In a lease, a clause that permits the landlord to increase the rent in association with increases in costs of living, property taxes, or the tenant’s commercial business.

Long-Term Leases

Lease agreements that extend for a long period, often exceeding a year, typically used for real estate and heavy equipment.

  • Recognize different types of leases and their characteristics.
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Daniela NunezNov 23, 2024
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