Property Management
A NJ commercial property manager negotiating a new tenant's lease would typically NOT include which of the following in the base rent?
AJanitorial services for common areas
BThe tenant's estimated share of utility usage above a base year
CThe tenant's gross revenue✓ Correct
DSnow removal and landscaping for common areas
Explanation
A tenant's gross revenue is not included in base rent calculation. Base rent reflects the agreed dollar amount per square foot; operating expense reimbursements and percentage rent (if applicable) are separate components of total occupancy cost.
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