Glossary - Gordon Commercial Real Estate Brokerage
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Base Rent The minimum regular monthly lease due under the lease - generally computed on a per- square-foot-per-year basis.

Base Year First year of the lease.
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Build-Out Refers to the interior building and construction of a tenant's space whether new building and construction or the reconfiguration of existing space.

Commission The charge paid to a genuine estate broker for his/her services rendered in a real estate deal.

Common Area Maintenance (CAM) An additional, annual charge frequently examined to occupants for maintenance of the residential or commercial property's "typical location". Includes interior products