WHITE RENTS Meaning and
Definition
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White rents refer to a specific term used in real estate and property management, particularly in the context of commercial leases. It refers to rental payments that do not include any additional costs or charges beyond the base rent. In other words, white rents only cover the basic rental fee for occupying a commercial space, without including expenses such as maintenance, insurance, utilities, or property taxes.
White rents are often contrasted with gross rents, which include all additional expenses associated with the leased property, or with net rents, which only cover the base rent and require tenants to pay for additional costs separately.
The term "white rents" is derived from the historical practice of recording financial transactions in different colored inks. In this context, white ink was used to indicate the base rental amount without including any additional charges. Over time, this practice has evolved, and the term "white rents" is now used to describe the concept of rent that does not include any additional expenses.
White rents are commonly encountered in certain types of commercial leases, such as triple net leases or net leases, where tenants are responsible for paying for all costs associated with the leased property. They provide landlords with a clear separation of financial responsibilities between themselves and the tenant, making it easier to calculate and forecast rental income.
Common Misspellings for WHITE RENTS
- qhite rents
- ahite rents
- shite rents
- ehite rents
- 3hite rents
- 2hite rents
- wgite rents
- wbite rents
- wnite rents
- wjite rents
- wuite rents
- wyite rents
- whute rents
- whjte rents
- whkte rents
- whote rents
- wh9te rents
- wh8te rents
- whire rents
- whife rents
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