tax escalation clause
Definition
Provision in certain lease agreements whereby the lessee or tenant is obligated to pay any increase in the taxes on the leased asset or property. See also tax participation clause.
Popular 'Purchasing & Procurement' Terms
tax escalation clause in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/tax-escalation-clause.html
