Common use of Escalation Clause Clause in Contracts

Escalation Clause. The Management shall reserve the right to increase the rent during the term of this lease upon a 30 day written notice to the Tenant. The Tenant shall approve or reject this proposal in writing within seven days of receipt. Upon rejection, the Management may, at its option, cause the Termination Date to be accelerated to a date not less than 30 days following the date of rejection as stated in writing.

Escalation Clause. The Management shall reserve the right to increase the rent during the term of this lease upon a 30 60 day written notice to the Tenantresident. The Tenant Resident shall approve or reject this proposal in writing within seven days of receipt. Upon rejection, the Management may, at its option, cause the Termination Date to be accelerated to a date not less than 30 60 days following the date of rejection as stated in writing.