Headline rent, Net effective rent

Question

I need to understand what those terms actually mean.

-headline rent
-net effective rent
-service charge
-NPV (Net present value)

Thank you!

In: Economics

Answer 1

Say a storage facility gives you 1 month of free storage if you sign a 12mo agreement for $660.

The headline rent is $660/yr.
The net effective rent is $60/mo.