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Lease Pay Terms
There are several different terms based on the type of lease cost:
Recurring | Non-recurring | Payment Method | |
Fixed | base rent, parking, janitorial1 | N/A | automated voucher |
Variable | real estate taxes, operating expenses, escalations, electric2 | OPL (one-time purchase lease)3 | regular voucher process |
1 services included in the scope of the lease where dollar amounts are fixed
2 services included in the scope of the lease where dollar amounts are variable
3 goods or services not in the scope of the lease but pertain to a leased facility