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1. I am drafting a lease contract for my tenants and would like to know how do I come up with an escalation percentage if the tenants want to extend a contract? and is it legal for me to draft a contract by myself?
2. how do i calculate stamp duty and lease costs?

Submitted: 150 days and 5 hours ago.
Category: Legal
Value: $41
Status: AWAITING CUSTOMER ACTION

Answer

In the U.S. you can draft the lease on your own. Escalation clauses vary depending on what the parties agree to. Often the escalation is based on the Consumer Price Index. The lease payments can also escalate by a fixed percentage.

 

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Expert: bizlaw
Pos. Feedback: 99.0 %
Accepts: 782
Answered: 6/11/2009

Attorney

30 years experience corporate, litigation, international

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