The correct answer is: D. All of the above
Minimum rent is also known as dead rent, fixed rent, or flat rent. It is a type of rent that is set by the landlord and is not subject to change during the lease term. This type of rent is often used in commercial leases, as it provides the landlord with a guaranteed income.
Dead rent is a type of minimum rent that is paid even if the property is not occupied. This type of rent is often used in long-term leases, as it provides the landlord with a guaranteed income even if the property is vacant for a period of time.
Fixed rent is a type of minimum rent that is set at a specific amount for the entire lease term. This type of rent is often used in short-term leases, as it provides the tenant with a predictable monthly payment.
Flat rent is a type of minimum rent that is calculated based on the square footage of the property. This type of rent is often used in residential leases, as it is easy to calculate and compare.
It is important to note that the terms “minimum rent,” “dead rent,” “fixed rent,” and “flat rent” are often used interchangeably. However, there are subtle differences between each term. It is important to understand the specific terms used in your lease agreement so that you know what you are obligated to pay.