rent escalation

Definition

Adjustment of rent by the landlord to cover changes in cost of living or for property maintenance costs.

Use rent escalation in a sentence

The rent escalation hit us hard, crippling our ability to reliably save any money and making us rethink our living there.

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Since he was putting in all new flooring and appliances, the landlord informed the tenants about the rent escalation that was necessary.

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As a renter, it can be very unsettling when you go to renew your lease only to find out that your landlord has implemented a rent escalation.

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rent control rent loss insurance