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Facts: The lease between the owner of a warehouse and its tenant set out base rent for the first several years of the lease. Under the lease, every seven years the base rent would be adjusted to include the original base rent plus an amount calculated using changes in the Consumer Price Index (CPI), which is published by the U.S. Department of Labor and is designed to measure changes over time in prices paid by urban consumers for various goods and services. This can include commercial leases.
