escalation clause
Definition
Use escalation clause in a sentence
“ After housing prices in the New York area went up I was shocked to learn there was an escalation clause in my lease and my rent would go up significantly. ”
“ All of our customer contract have an escalation clause included in them. However, the escalation amount is capped to match the CPI at the time of escalation. ”
“ Many office buildings have an escalation clause in their rent contract that enables them to raise the cost of rent if inflation were to occur. ”