A lease in which the rental amount paid by the lessee increases by a preset rate or set dollar amount at predetermined intervals. A step lease is a means for the lessor to hedge against inflation and future maintenance or operational expenses.
Looking for the perfect commercial property in Prescott? Our local expertise and exclusive listings give you an edge in finding the ideal space for your business. Register with us today for personalized property recommendations, market insights, and early access to the best commercial real estate opportunities. Let’s help you take the next step toward your investment goals—fill out the form and get started!
A lease in which the rental amount paid by the lessee increases by a preset rate or set dollar amount at predetermined intervals. A step lease is a means for the lessor to hedge against inflation and future maintenance or operational expenses.