Definition
Additional rent covers things like CAM, insurance, and taxes on a commercial lease, or utilities and pet rent on a residential lease. Because they're treated as rent, non-payment triggers the same enforcement path as base rent.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Additional rent covers things like CAM, insurance, and taxes on a commercial lease, or utilities and pet rent on a residential lease. Because they're treated as rent, non-payment triggers the same enforcement path as base rent.
A tenant's monthly bill is $2,000 base + $200 additional rent for CAM = $2,200 total rent.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.
The rent a unit would command in the open market.