For Base Rent we have terms and definitions in 2 topics. The topics are Commercial Real Estate and Real Estate.

Base Rent (Commercial Real Estate)

Is the rate at commencement of the lease. It is subject to annual increases unless otherwise negotiated in the lease or Addendum or an attached ammendment. This phrase has more than one meaning. To some landlords, and in some markets it refers to the rental rate minus operating expenses., i.e. $14 per square foot quoted rate, the building operates at $6.50 (operating expense cost); therefore, the base rate(net rent) is $7.50.

Base Rent (Real Estate)

A set amount used as a minimum rent with provisions for increasing the rent over the term of the lease

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