base rent

(redirected from Base Rents)

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.

base rent

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.

References in periodicals archive ?
1% of annualized base rents from investment grade tenants.
Driving the growth of this strategy in New York City is a gamble that landlords will ultimately make more money through percentage renting down the road, even if they offer lower base rents now to lure tenants, Breslin said.
Not only has this strategy worked, it has often allowed the landlord to achieve higher base rents.
The company also has a manageable lease expiration schedule, with no more than 13% of annualized base rents expiring in any year over the next seven years.
While the acquisition bolstered the portfolio's overall size and diversification, it also brought restaurant exposure (mostly family-style versus fast-food) back to roughly 20% of base rents (from 5%).
8%) represent in aggregate just under 20% of annual base rents, Fitch is comforted by the fact that it rates two of top five tenants, investment grade and the top three grocers have performed well in this competitive environment.
8% of the Company's annualized base rents as of September 30, 2001.
This is because the rent control tenants will be having Maximum Base Rents (MBR) approved next spring.
The company also has a manageable lease expiration schedule, with no more than 12% of annual base rents expiring in any year over the next ten years.
Base rents are off by 20 percent or more in the past year and workletters have increased to $50-60 per square foot, along with other concessions.
Moreover, the tenant roster is very diverse with limited industry and company concentration as the top 10 office tenants comprise only 14% of annualized base rents, while the top 10 industrial tenants comprise only 7% of annualized base rents.