Definition: an agreement for the tenant to pay specified rent increases based on a predetermined index (CPI) at set future dates
Pronunciation: \ˈver-ē-ə-bəl\ \ˈlēs\
Used in a Sentence: We signed a variable lease agreement on the office space.
Definition: an agreement for the tenant to pay specified rent increases based on a predetermined index (CPI) at set future dates
Pronunciation: \ˈver-ē-ə-bəl\ \ˈlēs\
Used in a Sentence: We signed a variable lease agreement on the office space.