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What Is a Flat Lease?

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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What Is Residential Investment Property?

A residential investment property is a real estate property which is not occupied by the owner. Acting as a landlord, the owner rents out the property to tenants, or contracts tenant management to a property management company. There are a number of different types of residential investment property, and many people are introduced to the world of real estate investing through such properties, gradually acquiring skills which allow them to invest in bigger projects and to explore other types of real estate investment options.

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The most basic type of residential investment property is a single family dwelling which the landlord rents out. Other types can include multi-unit properties, which can include several freestanding structures on the same property, duplexes, townhouses, and other types of multiple unit arrangements. The largest residential investment properties are apartment complexes, including residential apartment towers which can hold hundreds of units.

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