Base Rent | Practical Law

Base Rent | Practical Law

Base Rent

Base Rent

Practical Law Glossary Item 9-502-7764 (Approx. 3 pages)

Glossary

Base Rent

Also known as fixed rent. In a commercial lease context, the minimum rent due under a lease. Depending on the terms of the lease agreement, a lease with a base rent usually includes an escalation clause for taxes and operating expenses and sometimes a percentage rent clause.
For more information on base rent, see Practice Note, Office Lease Negotiations for Tenants.