Cost Of Living Lease Clause

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Cost of Living Adjustment Sample Clauses - Law Insider

https://www.lawinsider.com/clause/cost-of-living-adjustment

Cost of Living Adjustment. For each year following the Initial Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent as previously provided in the Initial Term, the total fee for all services shall equal the fee that would be charged for the same services based on a fee rate (as reflected in a fee rate schedule) increased by the percentage increase for the …

Cost-of-living Clause Law and Legal Definition USLegal, Inc.

https://definitions.uslegal.com/c/cost-of-living-clause/

Cost-of-living clause is a provision in a contract or lease. The cost-of-living provision provides an automatic wage, rent, or benefit increase tied in some way to cost-of-living rises in the economy. A cost-of-living clause may also cover a decrease, even though this is uncommon. In a long term contract, the cost-of-living provision adjusts the price paid for the goods or services received in an amount equal to …

Cost of Living Increase Sample Clauses - Law Insider

https://www.lawinsider.com/clause/cost-of-living-increase

Cost of Living Increase. The Minimum Monthly Rent provided in Section 4.1 shall be increased, effective on the first day of each Lease Year (“Adjustment Date”), beginning with the first day of the second (2nd) Lease Year, to reflect increases in the cost of living. The base for computing the adjustment is the Consumer Price Index for All Urban Consumers (1982-84 = 100) for the Los Angeles - Anaheim …

What Is A Cost Of Living Adjustment (COLA) Clause? Law ...

https://www.cardozofamilylaw.com/family-law-faq-archives/what-is-a-cost-of-living-adjustment-cola-clause/

A Cost of Living Adjustment is mandatory in some states, but not in all, and specific requirements for such a provision depend on the jurisdiction. However, in most jurisdictions, the clause must contain the date the adjustment will become effective and the COLA index that will be applied. Most jurisdictions also require the clause to consider the likelihood of income, increase or decrease, of the paying party.Location: 1147 Easton Rd, Abington, 19001, PA

Cost-of-living Adjustment (COLA)

https://inflationdata.com/articles/cost-of-living/costofliving-adjustment-cola/

Sep 11, 2020 · Cost-of-living Adjustment (COLA) Many pension benefits, employment contracts and government entitlements (such as Social Security) contain a cost of living clause such as a Cost of Living Adjustment (COLA) that increases payments based on changes in the cost-of-living index. Adjustments are typically made annually.

Escalator Clause legal definition of Escalator Clause

https://legal-dictionary.thefreedictionary.com/Escalator+Clause

n. a provision in a lease or other agreement in which rent, installment payments or alimony, for example, will increase from time to time when the cost of living index (or a similar gauge) goes up. Often there is a maximum amount of increase ("cap") and seldom is there a provision for reduction if the cost of living goes down or for deflation instead of inflation.