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We set all of out leases to a standard CPI increase or a flat percentage, based on what the tenant would like to do. I don't have the exact wording, but we just write it into the addendum.
20 years in one location and you want to start with a 3 year lease in a new one? Why 3?
If you do a 5 year lease w/ escalations at each five year renewal that will workExample: 5 years starting 1 Jan 2012 and ending 31 Dec 2014 @ $100 monthly. Tenant has the option to renew for an additional 5 years @ 110 month beginning etc. You fill in tour own dates & rental increases as applies.
That last answer should have read 1 Jan 2012 & end 31 Dec 2016Sorry, I think that you get the point though
Minimum 5 year lease w/ % yearly bumps (CPI or flat percentage), plus 5 year renewal bumps. Makes staying long term more predictible against a rising rental market for the tenant; reduces turnover for you.
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