Which of the following is not a type of real estate lease?

The correct identification of a lease type is essential for understanding real estate agreements. A fixed lease generally refers to a lease that has set terms regarding the rent amount for a specified duration; however, this terminology isn't conventionally recognized as a standard lease type within real estate practices. In contrast, net leases, gross leases, and percentage leases are all well-established categories that define how rental payments are structured and what expenses may be included or excluded from those payments.

A net lease requires the tenant to pay the base rent along with additional expenses, typically related to property taxes, insurance, and maintenance. A gross lease, on the other hand, involves the landlord covering all operating expenses, with the tenant paying only a fixed amount in rent. A percentage lease is commonly used in retail, where the rent is based partially on a percentage of the tenant’s sales, making it a unique arrangement suited for certain market situations.

In summary, the classification of a fixed lease does not align with the industry standards for real estate leasing terminology, distinguishing it from the other recognized lease types mentioned. Understanding these categories is crucial for anyone involved in real estate, whether as an investor, landlord, or tenant.