What two terms describe the amount of rent actually being charged as specified in a lease?

The terms that describe the amount of rent actually being charged as specified in a lease are "contract rent" and "scheduled rent." Contract rent refers to the rent that is agreed upon in the lease agreement between the landlord and the tenant, which is the legally binding amount that the tenant is obligated to pay. Scheduled rent highlights the rent amount listed or scheduled in the lease document, which is typically consistent with the contract rent.

Understanding these terms is crucial because they represent the specific financial commitment outlined in the lease, and they help in assessing property valuation, rental income projections, and market analyses. The other terms provided do not specifically refer to the rent amount agreed upon in a lease. For example, economic rent and market rent pertain to the rent amount that would be appropriate in the open market, rather than the actual rent being charged. Effective rent involves consideration of concessions or incentives, which again deviates from the strict lease amount.