Which term defines the total rent agreed upon in a lease contract, regardless of market conditions?

The term that defines the total rent agreed upon in a lease contract, regardless of market conditions, is scheduled rent. Scheduled rent refers to the rent amount that has been specifically outlined in the lease agreement. It is set at the time the lease is drafted and does not fluctuate with market changes. This concept is crucial for both landlords and tenants, as it provides a predictable income for the landlord and a clear understanding of rental obligations for the tenant.

Market rent, on the other hand, refers to the rent amount that similar properties in a specific area would typically command based on current market conditions. Overage rent relates to additional payments beyond the scheduled rent, often tied to a percentage of sales for commercial tenants. Negotiated rent can imply various adjustments or agreements outside of the standard lease terms, making it more flexible than the scheduled rent concept. This understanding of scheduled rent helps in planning and financial forecasting for both parties involved in a lease agreement.