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BusinessDictionary.com
step lease
Definition
That
provides
for increase or decrease in the
rent
(
lease
)
amount
based on an agreed upon
formula
such as the
lessor's
expenses
associated
with the lease or the
lessee's
sales
at the leased
property
. Also called step up/step down lease.
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Nearby Terms
steering committee
stem & leaf plot
step allocation method
step cost
step fixed cost
step function
step lease
step rate
step up bond
step variable cost
step-down method
stepped interest debenture
stepped preferred stock
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accounting
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