What type of lease specifies a varying rent amount based on terms set in the contract?

A variable lease, as indicated by the correct answer, is a type of lease that allows the rent amount to fluctuate based on specific terms outlined in the leasing contract. This may include factors like changes in operating costs, market conditions, or predefined benchmarks such as inflation rates. The ability to adjust the rent ensures that both the landlord and tenant can accommodate changing financial situations over the lease term, making the agreement flexible.

In contrast, a gross lease typically involves a fixed rent amount where the landlord covers all property expenses, while a net lease requires the tenant to pay some or all property expenses in addition to the rent, maintaining a more stable and predictable rental structure. A ground lease involves leasing land for a long term, usually with specific permissions for usage, but does not inherently involve varying rental amounts. Thus, the essential aspect of the variable lease is its capacity to adapt the rental rate over time according to the predetermined criteria set forth in the lease agreement.