Minimum Rent

The Minimum Rent section is used to define the Base Rent due under the terms of the lease.

Populate any known values in this section as follows:

1. Rent Begins: The user can either use the calendar icon or manually input the effective date set forth in the lease to start payment of rent.
2. Rent Increases: The user can either use the calendar icon or manually input the effective date set forth in the lease for the current rent amount to increase.
3. Amount ($): Enter the specified rental amount set forth in the lease to be paid over a defined period.
4. Amount Type: Use the drop-down menu to select either Monthly, Annual or Annual Rate/SF. This will dictate how the value in the Amount ($) field will be calculated.
5. Increase (%): Enter the percentage rate set forth in the lease in which the rent will increase during predefined periods in the future.
6. Tax Rate: The percentage of an amount of money that is required to be paid as sales tax on the rent amount. The tax rate is the tax imposed by the federal government and some states, where applicable. Use the drop-down menu to select from the list of values.