What are monetary covenants called for landlords?

Monetary covenants for landlords, particularly in the context of lease agreements, are often referred to as "rent and additional rent." This terminology encompasses the base rent that a tenant agrees to pay over the term of the lease, as well as any additional charges that may be associated with the leasing of property. These additional rent components could include things like maintenance fees, property taxes, or common area charges that are deemed necessary for the upkeep of the property.

Understanding this term is crucial because it directly relates to the financial obligations that tenants have, which ensure that landlords receive the agreed-upon compensation for their leased properties. This discussion around rent and its additional components is essential in property management because it frames the financial relationship between landlords and tenants, hinges on the enforceability of lease terms, and impacts overall revenue from the property. Other choices like operating costs or additional obligations may refer to broader financial responsibilities or duties but do not specifically encapsulate the monetary terms as effectively as "rent and additional rent."