A space that has been vacated by a tenant but without discontinuing to pay rent. This situation is commonplace in...

The amount regularly paid or payable by a tenant (lessee) to a property owner (landlord/ lessor) for the "temporary" use...

The net amount that is payable to the property owner (landlord) as rent from a lessee/ tenant. A reserve rent...

Market checkpoints at which applicable rents (in a lease contract) are re-assessed/ re-adjusted/ re-set to reflect market conditions. In other...

The best rent that a landlord/ lessor can obtain for the premises offered for letting on the open market. It...

It stands for fair market rent; the amount a landlord/ lessor would expect tenants/ lessees to pay each month against...

The amount a landlord/ lessor would expect tenants/ lessees to pay each month against demised premises. In other words, it...

The rental rate that includes all operating expenses associated with a lease (a gross lease/ full service lease) such as...

The rental rate that includes all operating expenses associated with a lease (a full service lease) such as utilities, electricity,...

A rental rate that excludes (is net of) specific expenses that a tenant could incur in relation to occupancy. In...