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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Mortgage Risk Rating

The amount of inherent risk for a mortgage in granting a mortgage. An operating principle in mortgag ...

Net Assets Equation

Income (premiums + investment earnings) minus disbursements (dividends + death claims + policies sur ...

Ex Post Facto

Act occurring after the fact. ...

Current Income

Average earned monthly income of the insured wage earner after regular earned income has been interr ...

Snowmobile Floater

Endorsement to a homeowners insurance policy or a personal automobile policy (pap) that covers physi ...

Mortality Table With Projection

Mortality table whose statistics have been adjusted to show expected mortality experience. ...

Related Real Estate FAQ

What Is A Conventional Mortgage?

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! Should you Buy a Home with Cash? How to become a real estate agent How To Sell Your Home Is it better to buy or sell a home first

FAQ

What is a gift letter? What are basis points? What do I need to know about Condominium Insurance? What do I need to know about Renters Insurance, and what does it cover? What is a mortgagor?