Question
I am negotiating a commercial lease on an office in NYC. Help me re: "escalation" clauses.?
In negotiations, the landlord is proposing two escalations. The first is the CPI (consumer price index) and the second is the real estate taxes. I am thinking of proposing that I accept the CPI increases but not the real estate tax escalation. Would I be correct in proceeding this way?
5 months ago - 2 answers
Best Answer
Chosen by Asker
As long as you are willing to look elsewhere, otherwise this is a really bad deal if it is long term. (for the property owner)
by Landlord
5 months ago
Asker's Rating: 
Other Answers
may you is a better query; of course. it is unlikely that the LL will waive the tax increase escalations. THE CPI is a trick. I have never ever heard of a commercial landlord adding a CPI increase. what would happen if you instead, sought a less fancy site and bought the building??
by kemperk- 5 months ago