Which two terms refer to the actual amount of rent specified in a lease?

The terms "contract rent" and "scheduled rent" specifically refer to the actual amount of rent that is stipulated in a lease agreement. Contract rent is the amount that the lessee (tenant) agrees to pay to the lessor (landlord) as outlined in the lease document, providing a clear and binding figure that both parties have consented to. Scheduled rent, while not as commonly used, can refer to the rent that is planned and defined within the lease terms, indicating the agreed-upon payments.

In the context of a lease, it is important to distinguish these amounts from other rent concepts like market rent, which reflects what the property would lease for in the current market environment, and effective rent, which may account for concessions or discounts, giving a different perspective from what is formally agreed upon in the lease. Other options, such as gross rent versus net rent or base rent versus additional rent, refer to different components or structures in rental agreements rather than the actual dollar amount specified in the lease.