annual bumps

annual bumps

Slang for annual increases in such items as rent or operating expenses.
References in periodicals archive ?
The fourth annual Bumps Challenge and the sixth annual Paint for Peaks events are part of the ski valley's annual Breast Cancer Awareness day to benefit Boarding for Breast Cancer (B4BC) and the Anita Salas Memorial Fund.
5% per year to 12% in year 4 with 2% CPI annual bumps thereafter Rent Coverages: Turnaround with underwritten 2005 pro forma coverages of over 2x before management fee and over 1.
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