A Graduated lease is a type of lease, the rent payments go up periodically, on a pre-defined basis.
The conditions under which one party agrees to rent an asset—in this case, property—owned by another party are outlined in a lease. It ensures that the tenant, also known as the lessee, will have access to the property and, in return, will make monthly payments to the lessor (the landlord or owner of the property).
If either party violates the contract's conditions, there will be repercussions for both the lessee and the lessor. A type of incorporeal right is a lease. There are various different sorts of commercial leases, but residential leases are frequently the same for all tenants.
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