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A flat lease is a type of lease agreement that commits the tenant to pay a fixed amount at specified periods throughout the duration of the contract. The terms of the flat lease contract will usually define the total amount that must be tendered over the course of the lease, breaking that amount down into equal installments to be paid on or by specific dates throughout the time period covered by the lease. In most instances, this approach calls for equal payments to be tendered monthly, although it is possible to create a flat lease agreement that calls for payments on a more irregular basis.
One of the best examples of a flat lease is a rental agreement associated with the leasing of an apartment. In most countries, governmental regulations require the text of the rental agreements to include a start and end date for the contract and the identification of the total amount of money the tenant is committing to pay the landlord. Along with defining the total amount for the duration of the lease, the provisions within the contract will also include a schedule that specifies an equal amount to be paid at defined intervals. Typically, the payments are structured on a monthly basis, with the monthly rental remaining the same for each successive month.
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