Is a step-up lease guaranteed?

A step-up lease is not guaranteed as an absolute standard; rather, it is a type of lease agreement in which the rent increases at specified intervals over the duration of the lease. The terms and conditions, including any step-up provisions, depend entirely on the contract negotiated between the landlord and tenant. These specific provisions are not guaranteed without explicit terms outlined in the lease document.

While some may assume that a step-up lease implies guaranteed increases, the actual enforceability and expectations of such increases rely heavily on the written lease agreement. Thus, while it may be commonly practiced, the guarantees related to rental increases in a step-up lease only become enforceable when they are clearly articulated in writing.

In summary, a step-up lease has no inherent guarantee unless agreed upon and documented by both parties involved.