Annual Increase (Annual Bump) - the amount by which base rent is increased at the beginning of year consecutive lease year after Year 1. Could be set as a percentage (3% most often) or a set dollar amount (ex. $.50).

As Is Condition - refers to the condition of the Leased Premises at the time of lease execution. Accepting the Premises in its "as is" condition means that Landlord will not perform any improvements and/or repairs to the space.

Base Rent - the dollar amount per square foot per year charged for leasing office, industrial or retail space.

CAM (Common Area Maintenance, Operating Expenses) - the dollar amount per square foot per year charged in addition to Base Rent. Subject to annual adjustments and increases based on the actual expenses incurred by the Landlord to maintain the property. These expenses include items generally imposed on the Landlord such as real estate taxes and property insurance, who then passes them through to the Tenants.