Market Rent vs Lease Charges. What's the difference?
Just received a rent roll from a property management company for a building I've been looking at.  They have a column for 'Market Rent' and then a separate column for 'Lease Charges'. Can someone explain the difference between these two items and why they would be tracked separately in a rent roll? Is it just a performance metric? Which figure is the actual amount of collected rent?

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https://preview.redd.it/v4z6a0ia5q241.png?width=388&amp;format=png&amp;auto=webp&amp;s=5fe6cbeb9039b6d2dd5bb41b3c063cf2d32cbc6b
[{"id": "f9ouia0", "text": "Market rent is what the owner thinks could be achieved  if leased to its full potential. Lease charges refer to what the tenant(s) are actually paying. Landlords use the difference between market rents vs lease charges to calculate \u201closs to lease.\u201d", "replies": [{"id": "f9ovccg", "text": "This is super helpful. I just wanted to make sure that I was looking at the right figures to determine the property's current performance.  I'm putting together our pro forma and this will help us figure out our returns.", "replies": [{"id": "f9oxkfw", "text": "That is the correct answer.  In most markets, the difference should be small.  If you're in a market with rent control, it could be a very big difference.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f9ouu26", "text": "Anonymous reddit folks aren\u2019t going to be your best source: whoever filled out the rent roll is. It looks like an Argus type format so I\u2019m guessing that\u2019s the difference between what they think market rents are and actual, but I\u2019ve seen people plug in all sorts of misc CAM reimbursable income in that box as well", "replies": [{"id": "f9ovfy4", "text": "Thus far I've asked on Bigger Pockets and here. I do know who the property managers are but let's just say they haven't been the most responsive to our direct request for documentation. We've been having to go through the sellers to get items and we're lucky to have gotten these out of them.", "replies": [{"id": "f9ovnnf", "text": "Did you read the leases for reimbursables? Are the leases FSG, NNN, etc?\n\nDid you read the purchase contract for seller\u2019s obligations to produce information?", "replies": [], "depth": 3}, {"id": "f9ox3oi", "text": "That is not Argus, especially not Argus AE, which is all that is available now.", "replies": [{"id": "f9p24b8", "text": "It appears to be a Yardi or RealPage export.", "replies": [{"id": "f9q24ow", "text": "It\u2019s 100% Yardi.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]