| Term |
Definition |
Options |
| Absolute Net |
Lease requiring tenant
to pay in addition to base rent all costs associated with
the operation, repair and maintenance of the building,
all real estate taxes, and utilities including repairing
and maintenance of the building’s structure and roof.
Often ... |
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| Delete |
| Additional
Rent |
Any amounts due
under a lease that are in addition to base rent. Most
common form is operating expense increases. |
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| Delete |
| ... |
... |
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| Base Rent |
A specific amount
used either as a minimum rent in a lease (retail) which
uses a percentage of sales or overage for additional rent
or sets a base onto which is added expenses and taxes
in a net lease or increases in those items in a fully
serviced lease. |
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| Delete |
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