What distinguishes a graduated lease from other types?

A graduated lease is characterized by specifically scheduled increases or decreases in rent over the term of the lease. This type of lease provides both the landlord and tenant with predictable changes in rent, allowing the tenant to plan for future expenses and the landlord to ensure a gradual increase in income over the lease period.

In contrast, a lease with fixed payments would not adjust rent throughout its term, which is not a feature of a graduated lease. Market-based adjustments, while they can occur in other lease types, do not provide the same predictable schedule that a graduated lease does. Similarly, increases only occurring during renewals do not encapsulate the essence of a graduated lease, where the changes in rent specifically occur at predetermined intervals during the lease term itself.