Base Rent

Base rent is the amount of rent that a tenant is required to pay over the course of a lease term. It does not include additional costs such as operating expenses or common area maintenance fees, which can be calculated separately.

Methods

Amount/Unit/Month

Will multiply the inputted amount by the inputted Unit (Area), and use that calculated amount as the monthly amount Ex: $/SF/month

Amount/Unit/Year

Will multiply the inputted amount by the inputted Unit (Area), and use that calculated amount as the annual amount Ex: $/SF/year

Amount/Month

Will only use the inputted amount as the monthly amount

Amount/ Year

Will only use the inputted amount as the annual amount

% Of Market

_{% Of Market is only allowed in Rent Roll}

Typically used for vacant unit lease-ups, % of the market takes the inputted percent and is multiple by the corresponding Market Leasing profile that it is assigned to.