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.
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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 ...
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Minimum rent due under a lease that has a percentage or participation requirement. For example, XYZ Corp.
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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: ...
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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 ...