| 单词 | percentage lease |
| 释义 | Percentage LeasePercentage LeaseA rental agreement, usually with respect to a retail business property, whereby a portion of the gross sales or net sales of the tenant is used to determine the rent. There is generally a provision in a percentage lease that calls for a minimum or base rental. It protects the lessor in the event of poor sales. percentage leasepercentage leaseA lease that requires rent payments based on a percentage of the gross sales of the tenant. It is common with retail leases and food and beverage leases. Most contain a minimum payment clause so that if gross sales drop below a certain level the rent will be the minimum payment rather than a percentage of sales. |
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