Property Management
In New York, 'rent acceleration' in a commercial lease means that upon tenant default:
AThe tenant must pay rent in advance for the remainder of the lease
BThe landlord can declare the entire remaining rent due immediately as damages✓ Correct
CThe rent increases by a fixed percentage annually
DThe lease term is shortened
Explanation
A rent acceleration clause in a commercial lease (and some residential leases) allows the landlord to declare the entire remaining rent obligation immediately due upon the tenant's default, rather than waiting to collect it period by period.
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