MONEY · CRITICAL REVIEW PRIORITY
Basic rent, rent steps and escalation
Defines the base or minimum rent, payment timing, area basis, scheduled steps and any formula that changes rent during the term.
This is not model language.
The actual meaning depends on the complete lease, amendments, facts and governing law. Use the prompts below to extract and brief the issue; do not paste this page into a lease as a substitute for drafting and legal review.
Questions to answer before the legal call
- Does the schedule match the approved proposal and financial model?
- What happens in a partial first or final lease year?
- Is an index increase bounded, delayed or subject to a minimum?
What to capture from the document
Payment frequency and due date
Record the exact due date, advance/arrears treatment and first payment.
Rent schedule
Capture every period, rate, unit and effective date.
Area and measurement basis
Record the stated rentable area and incorporated measurement standard.
Patterns that deserve a closer read
- A proposal rate copied without the lease’s full step schedule
- Index language without a base month, cap, floor or calculation method
- Different definitions of rentable area across the lease and plans
A focused instruction for legal review
Confirm the complete enforceable payment schedule, the area and rate basis, adjustment mechanics, tax treatment and whether any proposal term was lost in the lease drafting.
Jurisdiction and statutory context
These sources support limited context only. They do not decide how the actual lease operates.
Canada Revenue Agency — Commercial real-property rentals ↗CRA memorandum on commercial rent, additional rent, tax registration and common lease inducements.Canada Revenue Agency — GST/HST place-of-supply rules ↗Official place-of-supply overview for leased real property, including province-specific tax treatment.