What Rent Really Means

In a lease “Rent” is a defined term and its definition from lease to lease varies, depending how the Landlord and their lender accounts for rent, processes payments of expenses, and utilities. Brokers working for landlords have to be careful to understand the “rent” definition, so when modeling the tenants financial obligation the correct escalations, and components are calculated into the obligation. Common ways to define “Rent “ include: