Florida Regulations 60H-1.006: Escalation Clauses
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No Agency’s Lease shall contain an open rate, including Consumer Price Index or open rental escalation clause.
Rulemaking Authority 255.25 FS. Law Implemented 255.25(2) FS. History-New 8-11-75, Amended 4-25-79, Formerly 13D-7.06, 13M-1.006, Amended 4-27-04, 4-29-10.
Rulemaking Authority 255.25 FS. Law Implemented 255.25(2) FS. History-New 8-11-75, Amended 4-25-79, Formerly 13D-7.06, 13M-1.006, Amended 4-27-04, 4-29-10.
Terms Used In Florida Regulations 60H-1.006
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC