lease indexing

A lease agreement in which the amount of future lease payments is calculated using an established index, typically the consumer price index (CPI) in the US, or the Harmonized Index of Consumer Prices in Europe. An increase or decrease in the price index generates a corresponding increase or decrease in the rent costs with a percentage equal, lower, or higher to the percentage change in the price index. You are able to specify in the lease's Lease Indexing Profile which percentage the application uses when adjusting rent using lease indexing.