Definition of "Flat lease"

Colleen D. McLachlan real estate agent
Colleen D. McLachlan, Real Estate Agent Land of Liberte Realty

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.

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