Provide an example of how CPIadjusted rent works, using a lease with a 75% CPIbased rent adjustment.
In a lease with a CPIbased rent adjustment of 75%, the rent would be adjusted annually on the lease anniversary date in July based on the change in the CPI between the previous May and the May prior to that. For instance, if the CPI in May of the preceding year was 240 and in May of the current year it was: