An escalator clause is a provision in a contract that allows for an increase in agreed-upon costs or payments based on specific conditions, often related to inflation or other economic factors.
An escalator clause is a provision in a contract that allows for cost increases to be passed on to one of the parties involved. This is typically seen in contracts such as employment agreements and leases.
A clause in a lease agreement that limits the lessor's obligation to pay property taxes above a certain specified amount, ensuring that any tax increases above this threshold are the responsibility of the lessee.
