The Flat Lease

The first of 5 leases defined this week

The oldest and simplest type of lease, the flat lease sets asingle price for a definite period of time. It generally is thebest deal for the tenant but is becoming increasingly harder tofind. (Caution: Avoid a flat lease if the term is too short; aseries of short-term flat leases could cost you more in the longrun than a longer term with reasonable escalation clauses.)

Excerpted from Start Your Own Business: The Only Start-Up GuideYou'll Ever Need

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