Basic Rent definition: Copy, customize, and use instantly
Introduction
The term "Basic Rent" refers to the fixed amount a tenant must pay periodically under a lease agreement, excluding additional charges such as taxes, insurance, and maintenance. It is essential for defining the primary financial obligation of the tenant, ensuring clarity in rental agreements, and distinguishing base payments from variable costs.
Below are various examples of how "Basic Rent" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Basic Rent" as fixed lease payment
This definition ties "Basic Rent" to a predetermined amount.
"Basic Rent" means the fixed monthly rent payable by the tenant to the landlord, exclusive of operating expenses, taxes, and additional charges.
Definition of "Basic Rent" as periodic base rental obligation
This definition connects "Basic Rent" to recurring payments.
"Basic Rent" refers to the minimum periodic payment due from the tenant to the landlord, payable on a monthly, quarterly, or annual basis as specified in the lease.
Definition of "Basic Rent" as net lease component
This definition links "Basic Rent" to a net lease structure.
"Basic Rent" means the base rental amount payable by the tenant under a net lease, exclusive of property taxes, insurance, and maintenance costs.
Definition of "Basic Rent" as non-contingent rental payment
This definition applies "Basic Rent" to unconditional obligations.
"Basic Rent" refers to the tenant’s unconditional payment obligation under the lease, independent of occupancy or business performance.
Definition of "Basic Rent" as rent before escalations
This definition ties "Basic Rent" to pre-adjusted payments.
"Basic Rent" means the rental amount due prior to any adjustments for annual rent escalations, operating cost increases, or market fluctuations.
Definition of "Basic Rent" as contractual lease obligation
This definition connects "Basic Rent" to binding agreements.
"Basic Rent" refers to the fixed rental amount established in the lease agreement, which the tenant is required to pay as part of its leasehold obligations.
Definition of "Basic Rent" as landlord revenue component
This definition links "Basic Rent" to income received by the landlord.
"Basic Rent" means the portion of rent received by the landlord that excludes percentage rent, additional rent, or reimbursement charges.
Definition of "Basic Rent" as minimum required payment
This definition applies "Basic Rent" to mandatory lease payments.
"Basic Rent" refers to the minimum amount payable by the tenant under the lease, regardless of any additional charges or usage-based rent adjustments.
Definition of "Basic Rent" as set payment under commercial lease
This definition ties "Basic Rent" to business leases.
"Basic Rent" means the stipulated base payment under a commercial lease, due and payable in accordance with the lease terms.
Definition of "Basic Rent" as scheduled lease payment
This definition connects "Basic Rent" to payment timing.
"Basic Rent" refers to the amount payable by the tenant on specific due dates as outlined in the lease agreement.
Definition of "Basic Rent" as non-usage-based lease cost
This definition links "Basic Rent" to fixed rental costs.
"Basic Rent" means the rent amount that is not based on the tenant’s sales, profits, or operational metrics.
Definition of "Basic Rent" as agreed-upon rental amount
This definition applies "Basic Rent" to negotiated lease terms.
"Basic Rent" refers to the agreed-upon rental amount in the lease contract, which remains fixed unless subject to lease modifications.
Definition of "Basic Rent" as landlord's base revenue from lease
This definition ties "Basic Rent" to the financial rights of the landlord.
"Basic Rent" means the portion of rent payments that forms the landlord’s baseline income from the lease.
Definition of "Basic Rent" as lease payment before CPI adjustments
This definition connects "Basic Rent" to inflation-indexed leases.
"Basic Rent" refers to the base rent amount payable before any adjustments based on the Consumer Price Index or other economic indicators.
Definition of "Basic Rent" as unadjusted rental rate
This definition links "Basic Rent" to pre-modification rates.
"Basic Rent" means the original rental amount stated in the lease, before any modifications, amendments, or rent renegotiations.
Definition of "Basic Rent" as payable rent exclusive of reimbursements
This definition applies "Basic Rent" to net rental agreements.
"Basic Rent" refers to the rental amount payable by the tenant, excluding pass-through expenses such as utilities, taxes, and maintenance fees.
Definition of "Basic Rent" as the floor rental rate
This definition ties "Basic Rent" to minimum lease payments.
"Basic Rent" means the lowest rental amount that the tenant must pay under any circumstances, regardless of any rental increases or adjustments.
Definition of "Basic Rent" as the rent prior to incentives
This definition connects "Basic Rent" to pre-incentive amounts.
"Basic Rent" refers to the rental rate before considering any lease concessions, abatements, or landlord incentives.
Definition of "Basic Rent" as office lease base payment
This definition links "Basic Rent" to office space rentals.
"Basic Rent" means the base rental payment required under an office lease agreement, payable in accordance with the lease schedule.
Definition of "Basic Rent" as industrial lease fixed rental
This definition applies "Basic Rent" to warehouse and industrial leases.
"Basic Rent" refers to the recurring fixed rental payment due under an industrial lease, exclusive of operating costs and special assessments.
Definition of "Basic Rent" as rental floor in percentage leases
This definition ties "Basic Rent" to leases with variable rent.
"Basic Rent" means the minimum rental payment due under a percentage lease, regardless of the tenant’s sales volume.
Definition of "Basic Rent" as leasehold cost payable in arrears
This definition connects "Basic Rent" to payment schedules.
"Basic Rent" refers to the fixed rent payable at the end of each lease period, as opposed to in advance.
Definition of "Basic Rent" as fixed rent before common area costs
This definition links "Basic Rent" to cost-sharing leases.
"Basic Rent" means the base rental amount payable before the inclusion of common area maintenance expenses or shared facility costs.
Definition of "Basic Rent" as fixed rental obligation in triple-net leases
This definition applies "Basic Rent" to triple-net lease structures.
"Basic Rent" refers to the base rent amount payable under a triple-net lease, where the tenant is separately responsible for taxes, insurance, and maintenance costs.
Definition of "Basic Rent" as standard rent payment for residential leases
This definition ties "Basic Rent" to apartment rentals.
"Basic Rent" means the monthly rental payment due under a residential lease, excluding utility charges and optional services.
Definition of "Basic Rent" as base rent before rent review
This definition connects "Basic Rent" to adjustable leases.
"Basic Rent" refers to the starting rental rate under the lease, subject to periodic rent reviews or market rate adjustments.
Definition of "Basic Rent" as non-recoverable rental portion
This definition links "Basic Rent" to non-refundable payments.
"Basic Rent" means the portion of rent that is non-recoverable, regardless of the tenant’s use of the premises.
Definition of "Basic Rent" as a base amount under a stepped rent structure
This definition ties "Basic Rent" to rental increases over time.
"Basic Rent" means the initial rental amount specified in a lease, which may be subject to scheduled increases over the lease term.
Definition of "Basic Rent" as the rental amount before prorations
This definition connects "Basic Rent" to cost allocations.
"Basic Rent" refers to the fixed rental obligation before any prorated adjustments due to lease commencement, termination, or partial occupancy.
Definition of "Basic Rent" as rent excluding promotional fund contributions
This definition links "Basic Rent" to retail leases.
"Basic Rent" means the tenant's base rent obligation, not including required contributions to shopping center promotional or marketing funds.
Definition of "Basic Rent" as the rent component in a build-to-suit lease
This definition applies "Basic Rent" to customized leased properties.
"Basic Rent" refers to the rent payable under a build-to-suit lease, calculated based on the landlord’s construction and financing costs.
Definition of "Basic Rent" as rent excluding contingency-based increases
This definition ties "Basic Rent" to stable lease payments.
"Basic Rent" means the portion of rent that remains fixed and is not subject to contingency-based adjustments, such as revenue-sharing or performance-based increases.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.