graduated lease

Definition

A lease with predetermined rent increases at scheduled intervals, allowing tenants to budget for inevitable pain. The landlord's inflation hedge disguised as transparency.

Example Usage

The graduated lease started at $2,000 monthly but increased 5% annually, meaning they'd be paying $2,431 by year five assuming they didn't flee first.

Origin

Commercial leasing practice extended to residential markets

Fun Fact

Graduated leases protect landlords from inflation but can price out tenants faster than market-rate renewals, creating a stability paradox.

Source: Leasing and rental agreement terminology

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reconveyance

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