| gen. |
base rent (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 of its revenue. In this case, the base rent is $3,000 because it can never go below that amount. Farlex Financial Dictionary. © 2012 Farlex, Inc. The minimum periodic rent specified in a lease. Additions could include the tenant's share of common area maintenance (CAM–pronounced as a word), share of building operating expenses,and percentage rent based on gross retail or food sales. The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007. The amount of rent assessed before inclusion of additional expenses or other factors that increase the amount of rent to be paid. WT Alexander Demidov) |
