The fixed, contractually specified rent amount payable by the tenant before additional charges (CAM, taxes, insurance) are added. Base rent is the foundation of total occupancy cost calculations.
Base rent is typically expressed as an annual per-square-foot rate (e.g., $25/SF/year) or as a monthly dollar amount. It escalates per the lease's rent schedule. Some management fee caps and gross sales definitions are expressed as a percentage of base rent.
A landlord calculated the management fee as 5% of total CAM costs (correctly) but then also applied a separate 'base rent management charge' of 1% of annual base rents - a charge with no basis in the lease. The tenant paid $8,000/year in management charges not authorized by the lease.
Request a full itemization of all fees computed as a percentage of base rent. Confirm each fee is authorized by the lease and correctly calculated against the contractual base rent amount.
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Start Free AuditThis page provides general educational information. It is not legal advice and may not reflect the most current law in your state. Consult a licensed attorney for advice specific to your situation.