Dictionary of Business Terms: 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: 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.
