Base Rent
Base rent is the fixed minimum rent due under the lease, excluding pass-throughs, utilities, and other additional charges. It is the starting point for comparing lease economics but is often not the same as net effective rent after concessions.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Lease Negotiation
- Property types
- Commercial Leasing (Retail/Office/Industrial)
Read more in the Knowledge Base
- Pet-Friendly Rental Strategy - Pet Rent, Breed Restrictions, and Damage MitigationLandlords
- The Effective Rent CalculatorRenters
- Furnished and Corporate Rental Premium ModelingLandlords
- Utility Management for Rental Properties - Heating Oil, Propane, Electric, and Tenant AllocationLandlords
- Rent Concession Structures - Free Months, Reduced Rent, and Net Effective RentLandlords
Related terms
Commercial Leasing Terms
- Additional Rent
- Assignment and Subletting Clause
- Base Year
- Commencement Date
- Common Area Maintenance (CAM)
- Effective Rent
- Full-Service (Gross) Lease
- Gross-Up
- Modified Gross Lease
- Rent Commencement Date
General information, not legal, tax or financial advice.