Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts is a type of lease agreement that requires a tenant to pay a percentage of their gross receipts as additional rent. This type of lease is commonly used in the retail industry, and it allows the landlord to benefit from the tenant’s success while the tenant enjoys lower upfront costs. The lease agreement typically outlines the percentage of gross receipts that must be paid as additional rent, as well as any restrictions or exceptions. This type of lease may also specify the frequency of payments, the method of payment, and any applicable tax or other deductions. There are two main types of Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts: fixed percentage and sliding scale. In a fixed percentage lease, the tenant pays the same percentage of their gross receipts regardless of the amount of gross receipts. In a sliding scale lease, the percentage increases or decreases depending on the amount of gross receipts.
What Type Of Lease Calls For An Additional Percentage Of The Lessee S Gross Business Income Above The Minimum Fixed Rent
Description Lease Store Rent Based
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