A lease specifying a fixed amount of rent that is to be paid periodically, typically monthly, during the entire term of the lease.

Definition A lease agreement which specifies an amount of rent that should be paid regularly during the complete term of the lease. Also called a flat lease.

A lease calling for the same amount of rent to be paid periodically (usually monthly) for the entire term of the lease.

Requires the retailer to pay a fixed dollar amount per month over the life of a lease. It is the simplest, most direct leasing arrangement.