What term describes the lease base rent adjusted for any concessions?

The term that describes the lease base rent adjusted for any concessions is effective rent. Effective rent takes into account various concessions that may be offered to tenants, such as free rent periods or reduced rental rates, and provides a clearer picture of the actual rental income generated over the lease term. By considering these concessions, effective rent helps both property owners and tenants understand the true value of a lease agreement.

Market rent, while related, refers to the rental rate that a property could command under typical market conditions without regard to any concessions. Net rent often refers to the portion of rent that remains after certain expenses have been deducted, such as maintenance or property taxes. Gross rent, on the other hand, usually indicates the total rent before deductions or adjustments. Therefore, effective rent is distinct in its inclusion of concessions, accurately reflecting the financial implications for both landlords and tenants.