base rent
Minimum monthly payment
Base rent is the fixed minimum amount a tenant pays for leased space, before additional charges like utilities, property taxes, or maintenance fees.
In commercial real estate, leases often specify base rent separately from variable costs: The base rent is $3,000 per month, plus a percentage of sales.
Residential leases may also distinguish base rent from other fees.
- fixed chargePredetermined, invariable cost
- rateMeasured speed or charge
- fair market valueObjective exchange price
- lease agreementContract for temporary occupancy
- lease termAgreed rental period length
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