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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The current aggregate annual base rent including cell tower revenue is $420,000, with annual increases ranging from 2.7%-3%.
The current aggregate annual base rent under the leases is $519,000, with annual increases ranging from three to 3.5 percent.
The transaction is a securitisation of a stream of future base rent receivables.
The lease provides for an initial annual total base rent of 15% of the sum of the initial purchase price, additional purchase price and TI allowance, subject to three months of rent deferral at the beginning of the term.
* If the base rent is less than $500,000, the rent factor is 1.
"In March 2016, (the) tenant began to delay making base rent payments due under the lease.
Private sector base rent income has risen about 2.5% over the last year, a welcomed sign of a more sustained market recovery, according to BOMA International's recently released 2012 Experience Exchange Report, which analyzes building data from 2011.
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 first issue is the base rent. The best way you can be prepared to negotiate the rent is to have a complete understanding of the market and competing buildings.
Since some malls charge a base rent plus a percentage of sales, new businesses that can demonstrate major revenue potential have an edge in landing temporary space.