Base Rent The minimum month-to-month rent due under the lease - generally calculated on a per- square-foot-per-year basis.

Base Year First year of the lease.

Build-Out Describes the interior construction of a tenant's space whether brand-new building or the reconfiguration of existing area.

Commission The fee paid to a genuine estate broker for his/her services rendered in a genuine estate transaction.

Common Area Maintenance (CAM) An extra, yearly charge typically examined to renters for upkeep of the residential or commercial property's "common area". Includes interior products