It seems to be standard practice in lease agreements to use CPI as the benchmark for rent increases.
Seeing as the CPI seems to be an imperfect measure of calculating inflation what alternatives can you use? i.e. the CPI may be 5% when in reality it is actually 8% so you are losing out 3% in real terms with your increases.
Anyone factored this in to their agreements and found some other benchmark that is more accurate?
Seeing as the CPI seems to be an imperfect measure of calculating inflation what alternatives can you use? i.e. the CPI may be 5% when in reality it is actually 8% so you are losing out 3% in real terms with your increases.
Anyone factored this in to their agreements and found some other benchmark that is more accurate?