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An owner of a hardware store leased a building for 20 years at a flat rate of rental. After 10 years, the economic rent for
An owner of a hardware store leased a building for 20 years at a flat rate of rental. After 10 years, the economic rent for the building has increased substantially over the contract rent. Which of the following is true?
A:This would be an economic advantage to the lessor
B:This would be an economic advantage to the lessee.
C: This would have no effect on either the lessor or the lessee
D:The lessee will most likely attempt to break the lease
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