Which component is NOT part of the leasing commission calculation?

The correct answer is that the Contract Rental Rate is not part of the leasing commission calculation.

In a leasing commission calculation, the leasing commission percentage is a key component, as it determines the total commission based on the rental income generated from the lease. The base refers to the minimum amount or threshold that can be used for calculations, which can influence the total commission. The step, often included in lease terms, refers to increments in rent that may occur during the lease period, which can affect how commissions are calculated if the commission structure is based on rent fluctuations.

The Contract Rental Rate specifically pertains to the agreed-upon amount that the tenant will pay for utilizing the space. While it is crucial for establishing the financial terms of the lease, it does not directly factor into the formula used for determining the leasing commission, which typically involves the commission percentage applied to the base rent or total rent over the agreement period.