Definitions for "Base rent"
Related Terms:
Effective rent, Percentage lease, Percentage rent, Step-up lease, Net lease, Contract rent, Lease rate factor, Rental, Gross lease, Lease payment, Full service lease, Graduated lease, Triple net lease, Full payout lease, Net-net-net lease, Triple-net lease, Buyout, Escalation clause, Closed-end lease, Security deposit, Concessions, Triple net, Early termination charge, Financial lease, Finance lease, Refundable security deposit, Open-end lease, Walk-away lease, Expense stop, Mileage allowance, Early termination, Rent charge, Closed end lease, Rent, Open end lease, Gross capitalized cost, Finance lease, Early termination fee, Rack rent, Leasing, Lease rate, Excess mileage charge, Rent, Consumer leasing act, Disposition fee, Trac lease, Peppercorn rent, Index lease, Lease term
The rental cost without including escalations, electricity charges and other negotiated costs.
The minimum fixed guaranteed rent in a commercial property lease.
The minimum rent due under a lease that has a percentage or participation requirement.
The primary rental to be paid, exclusive of expense pass-throughs, additional rent, or rental increases.
Amount of money paid to the Landlord, usually quoted on an annual basis per foot or monthly amount. It typically does not include rental tax, but may include all other charges for expenses related to the building operation (electricity, water, insurance, janitorial, repair). See Overages and Escalation terms.
A specific amount used either as a minimum rent in a lease (retail) which uses a percentage of sales or overage for additional rent or sets a base onto which is added expenses and taxes in a net lease or increases in those items in a fully serviced lease.
The monthly rent payment, usually calculated on a per-square-foot basis, before adding any other charges the lease requires the lessee to pay (i.e. taxes and insurance).
Also known as basic rent. Rentals paid during the base term of a lease.
The minimum monthly rent, usually computed on a per-square-foot-per-year basis, due under the lease.
The amount of rent to be paid during the term of the lease exclusive of any other payments to the landlord, e.g., operating expenses (in triple net leases) or percentage rents.
Where there is provision in a lease for the total rent to be reviewed periodically ( by some method of indexation or other formula) the minimum amount of rent ( if any) quantified in and payable under the lease.
Monthly fixed rental payment.
A set amount used as a minimum rent in a lease with provisions for increasing the rent over the term of the lease. See also " Escalation Clause", " Operating Expense Escalation" and " Percentage Lease".
The minimum rent due to the landlord. Typically, it is a fixed amount. This is a face, quoted, contract amount of periodic rent. Escalations are calculated from the annual base rate. See contract rent.
The minimum monthly rent due under the lease - usually computed on a per- square-foot-per-year basis.
The set rent payable by a tenant under a lease, to which is added Additional rents as required by the lease (for common area maintenance, for example, or for utilities).
A set amount used as a minimum rent in a lease which also employs a percentage or other allocation for additional rent.
The minimum rent payable under a percentage lease.
Rent paid based on a set amount. It is often calculated by the square footage of the leased premises.