In a gross lease, the initial rental rate is most commonly referred to as "Base Rent." This term denotes the fundamental amount a tenant agrees to pay for occupying a property, excluding additional expenses that may be incurred, such as utilities, maintenance, or property taxes, which are typically the responsibility of the landlord in a gross lease structure.
"Base Rent" establishes a clear starting point for rental obligations and is typically consistent throughout the lease term, barring any negotiated increases. This terminology is widely recognized and utilized in commercial real estate transactions, providing clarity for both landlords and tenants regarding financial expectations and responsibilities.
The other terms presented—Base Rental, Standard Rent, and Initial Rent—are less commonly used in the context of gross leases and could lead to misunderstandings about rental obligations and expectations. While they may describe similar concepts, "Base Rent" is the standard terminology that directly pertains to the amount paid for the leased space.