What type of lease involves the tenant paying a fixed rental amount throughout the lease term?

A flat lease is characterized by a fixed rental amount that remains constant throughout the entire duration of the lease term. This type of lease provides predictability for both the landlord and the tenant, as the tenant can budget their expenses without concern for fluctuating rental costs. It is advantageous for tenants who prefer financial stability, while also making it simpler for property managers to manage cash flow.

In contrast, a gross lease typically includes all property expenses, such as utilities and maintenance, within the rent amount, but it doesn’t specifically focus on fixed rental amounts over time. A graduated rental lease, on the other hand, entails a predetermined increase in rent at specified intervals during the lease term, which does not align with the concept of paying a fixed rental amount. Finally, a net lease usually requires the tenant to pay additional costs on top of the base rental amount, such as property taxes, insurance, and maintenance, which further distinguishes it from a flat lease structure.