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4 October, 04:38

Renee is leasing her condo in San Francisco from Brad. For the first six months of the lease, her rent will be $1,200 per month. Every six months her rent will increase $100 per month based on the increa? ses to Brad in taxes, insurance, and other operating costs. What type of lease has Renee signed?

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  1. 4 October, 07:18
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    The correct answer is "Escalation Clause Lease"

    Explanation:

    An escalation clause lease is a clause of a contract that supports a change in the agreement price, it allows to increase or decrease depending on external factors like inflation.

    Renee has signed a contract that includes an escalation clause that the participants agree to an adjustment of rent based on set increases operating cost.
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