base rent

Dictionary of Business Terms for: base rent
base rent

minimum rent due under a lease that has a percentage or participation requirement. For example, XYZ Corp. leases retail space in a mall. Under the lease XYZ must pay a base rent of $2,000 per month plus 5% of all sales revenue over $50,000 per month.

Dictionary of Real Estate Terms for: base rent
base rent

the minimum rent due under a lease that has a percentage or participation requirement.

Example: Spinning Records leases retail space in Majestic Mall. Under the lease Spinning Records must pay a base rent of $2,000 per month plus 5% of all sales revenue over $50,000 per month.

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