Percentage rent refers to a type of rental agreement where the tenant pays a portion or a percentage of their sales revenue in addition to a fixed rent amount. It is commonly used in commercial leasing, particularly in retail properties.
Full definition
Synonyms for individual words can be found below.
«percentage»
«rent»
Sentences with «percentage rent»
- And if you think that the calculation of percentage rent is the only lease provision which may be impacted by e-commerce, you are wrong. (nreionline.com)
- «The best days for percentage rent structures may be past,» says the report. (nreionline.com)
- Other options are to build in a rent increase after three years or to charge retail tenants a higher percentage rent. (realtormag.realtor.org)
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