What is the "Rate" and how is that different from the Rent?
For example, a tenant has a monthly rent listed at $1500, and the "rate" is $21, what is that rate referring to? Something to do with the loan? 

Also, if asked for "bumps", do I generally provide the literally latest bump to rent / rate (is it just asking for rate bumps / generally do you care about bumps for rate more in this context?), or is the question more about whether there are / have been bumps and is asking for a "yes/no"?

Thanks for this. Couldn't find much on this.
[{"id": "gv5a3ro", "text": "To be sure, we\u2019d need more context, but I think it\u2019s most likely the rate is referring to the annual price per square foot. For example, $1500*12=$18,000 a year, which is divided by the size of the suite, which equals the price per square foot. In your example, the size of the suite would be around 857 square feet if the price per square foot is $21.\n\nFor the bump, if you mean the annual escalation, it would apply to the annual rent. So, if $18,000 is this year\u2019s rent, and the escalation is 2%, then next year\u2019s rent would be $18,360 (then you\u2019d divide by 12 to know the monthly rate).  Typically, however you have to read the lease terms carefully. Expense bumps might be applied to a base year or simply last year\u2019s reasonable actuals.\n\nHowever, I don\u2019t know if you are looking at lease comps or something else, so I cannot be sure this is the correct answer.", "replies": [], "depth": 1}, {"id": "gv5af5n", "text": "The rent is the monthly payment not including any nets. The rate is most likely the annualized per square foot rental rate.  Like $21/sf. \"Bumps\" would be rent increases of the lease term. So maybe a 2% increase every year. Or a 5% increase after year 5.", "replies": [], "depth": 1}, {"id": "gv7vtiq", "text": "The $21 is referring to $21 per square foot.  It is used has a measuring standard for leasing commercial space.", "replies": [], "depth": 1}, {"id": "gvee9wk", "text": "Depending upon your market, the \"rate\" may be quoted in SF per month (places like California) or year (everywhere else). If you take $21 divided by 12 and multiply it by the square footage, you will probably hit the $1,500 (rent).\n\nBumps depend on asset class. Typically you'll see 3-5 % per year unless is is a national tenant where you may see 10% every 5 years.", "replies": [], "depth": 1}]