Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Overage Rent

The additional rent (over a base amount) that is paid by tenants to owners on tenant sales over a specified dollar amount;  frequently found in retail leases; also known as “percentage rent”.

Source: NCREIF | Date: 09 September 2025 | ID: D1336 | Version: 1