What is a key feature of a fixed lease?

A fixed lease is characterized by a predetermined rental rate that remains unchanged throughout the duration of the lease period. This stability allows both tenants and landlords to plan financially, as the tenant knows exactly what their rental payments will be from the beginning to the end of the lease term. This feature provides predictability, as tenants do not have to worry about fluctuating rent rates due to economic changes or property values during the lease period. In contrast, other choices associated with variability in rental amounts or ongoing negotiation do not apply to the structure of a fixed lease, reinforcing the importance of the fixed amount over a defined timeframe as its defining characteristic.