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<br>Base Rent The minimum regular monthly lease due under the lease - generally calculated on a per- square-foot-per-year basis.<br> |
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<br>Base Year First year of the lease.<br> |
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<br>Build-Out Refers to the interior building of a renter's space whether brand-new building or the reconfiguration of existing space.<br> |
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<br>Commission The charge paid to a realty broker for his/her services rendered in a realty deal.<br> |
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<br>Common Area Maintenance (CAM) An additional, yearly charge frequently examined to renters for maintenance of the residential or commercial property's "typical location". Includes interior items |
