Flat Lease
Definition of "Flat lease"
Lease agreement having level payments during the contractual period. It does not have an escalation clause to allow for increased costs due to increases in inflation, taxes, or other related costs. For a landlord, the flat lease is not suitable for an extended period of time since it does not provide for increases in payments.
Popular Real Estate Terms
Percentage of rentals estimated not to be made because of actual and anticipated vacancies. ...
property that has been segregated into parts. ...
Person who dies leaving a will specifying the distribution of the estate. ...
Written proposals and acceptances applicable to the aspects of the transaction. The escrow agent must follow the purchase and sale agreement. ...
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Tenant breaks the lease because the landlord does not keep the premises habitable. ...
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