base rent

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 ?
Rate/ Monthly AnnualPeriod PSF Base Rent Base Rent5/1/17 - 4/30/18 $31.
The agreement also provides for annual increases in the base rent of no less than 2 percent and not more than 4 percent.
The resulting base rent is used to determine whether a tax remittance or filing obligation exists.
The aggregate annualized straight line rental income for the occupied units, is approximately $40,000 per unit and the average monthly base rent, calculated as the monthly base rent divided by the number of occupied units, is approximately $3,000 per unit.
As part of the plan, the hotel's operator, Seaway, would resume paying rent to the city, with base rent at about $800,000 per month, and it would also pay back about $650,000 in unpaid golf management fees.
The pay structure -- in which the landlord takes a base rent plus an additional amount if the retailer achieves a certain sales threshold, or "breakpoint" -- has long been used in malls, brokers said.
During the first quarter, 156 new leases, aggregating approximately 699,000 s/f were signed at an average annual base rent of $11.
But there are signs that lenders may be allowing landlords to lower the base rent instead of relying on concessions, thus recognizing that market-rate rent levels have lowered.
United Parcel Service has leased the corner retail consisting of 2,100 s/f with a base rent of $33 psf.
Larger tenants, with more negotiating leverage, generally negotiated floors and ceilings which would bracket their escalation liabilities or agreed upon a formula which permitted a percentage of the CPI increase to be passed thru to become additional base rent.