What “Lease Income” Really Means When you talk about lease income in a commercial setup, there are a few key pieces: Base Rent: This is the regular rent that tenants pay. It’s the main chunk of income, and you need to record it right when it comes in so your books reflect reality. Additional Charges: Tenants often pay more than just rent—things like utility bills, parking fees,... https://www.meruaccounting.com/record-income-in-commercial-property-accounting/