The rent that is over and above a guaranteed minimum base rent is referred to as_________ rent.

The term used to describe the rent that exceeds a guaranteed minimum base rent is known as overage rent. This type of rent structure is common in commercial leases, particularly where a tenant pays a base rent that is supplemented by additional rent based on a percentage of the tenant's sales or revenue. The concept allows landlords to benefit from the success of their tenants.

This system not only protects the landlord by ensuring a minimum level of income but also aligns the interests of both parties, as the landlord has a vested interest in the tenant's performance. Overage rent is typically calculated after the tenant's earnings surpass a predetermined threshold, making it a win-win situation for both the landlord and the tenant.

In contrast, the other terms like base rent refer specifically to the guaranteed minimum amount agreed upon in the lease and do not encompass any additional earnings tied to the tenant's performance. Variable and additional rent could be misconstrued to mean different things in different contexts, but "overage rent" specifically captures this additional income structure effectively.