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base rent

An amount that is used as a minimum rent, providing for rent increases over the term of the lease agreement. The base rent is the initial rent, and depending on the lease provisions it may change over the term of the lease. In commercial properties, the base rent is the minimum due each month, with extra payments due based on, for example, a percentage of sales. A retail store may have a base rent of $500 per month, with an additional rent amount of 2 percent of gross sales.

Related information about base rent:
  1. Leasing Definitions - The Definition of "Base Rent"
    Definition: The term "Base Rent" refers to the minimum rent due under the terms of a lease that also requires the tenant to pay additional rent based on a ...
     
  2. What is base rent? definition and meaning
    Definition of base rent: An amount that is used as a minimum rent, providing for ... The base rent is the initial rent, and depending on the lease provisions it may ...
     
  3. base rent - Financial Dictionary - The Free Dictionary
    The minimum rent on a space with variable rent. For example, a company may rent retail space from a facility and pay $3,000 per month plus some percentage ...
     
  4. Base Rent: Definition from Answers.com
    Minimum rent due under a lease that has a percentage or participation requirement. For example, XYZ Corp.
     
  5. base rent - Business Definition
    base rent definition: The minimum fixed, periodic payment made by a tenant of a property to the owner of the property. A rental agreement may include ...
     
  6. Maximum Base Rent Application Instructions
    Print - Close. Maximum Base Rent Application Instructions. 1. General Application Information: Initial Screen; Building Owner Information; Violation Certification ...
     
  7. Notice Re 2012-13 Maximum Base Rent - Division of Housing and ...
    In order to qualify for 2012-13 Maximum Base Rent (MBR) increases for a building, you are required to file the following forms with. DHCR at the above address: ...
     
  8. base rent Definition | Business Dictionaries from AllBusiness.com
    For example, XYZ Corp. leases retail space in a mall. Under the lease XYZ must pay a base rent of $2,000 per month plus 5% of all sales revenue over $50,000 ...