California Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts - Real Estate

• Category: Leases - Commercial
• State: Multi-State
• Control #: US-00818BG
• Format: Word; Rich Text

Description

This form is a commercial lease of a building and land for the operation of a retail store with a set amount of rent along with a percentage of the gross receipts of the store as additional rent. The California Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts is a legally binding agreement that outlines the terms and conditions for renting a retail space in California. This type of lease is commonly used in the real estate industry and is designed to protect both the landlord and the tenant. This lease agreement is unique as it includes an additional rent component that is based on a percentage of the tenant's gross receipts. This means that in addition to paying a fixed base rent, the tenant will also be required to pay a percentage of their sales revenue to the landlord. There are several types of California Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts that cater to different situations and requirements. Some of these variations include: 1. Single-Tenant Retail Lease: This type of lease is designed for a single retail store operated by a single tenant. The tenant is responsible for paying the base rent as well as a percentage of their gross receipts to the landlord. 2. Multi-Tenant Retail Lease: This lease is suitable for retail plazas or shopping centers with multiple tenants. Each tenant is required to pay a portion of their sales revenue as additional rent, which is proportionate to their leased space. 3. Double Net Lease: In this lease agreement, the tenant is responsible for paying a fixed base rent along with a percentage of their gross receipts. Additionally, the tenant is responsible for property taxes and insurance expenses, while the landlord covers common area maintenance costs. 4. Triple Net Lease: This type of lease shifts a significant portion of the property expenses to the tenant. The tenant is responsible for paying a fixed base rent, property taxes, insurance expenses, and maintenance costs. The additional rent is calculated based on a percentage of the tenant's gross receipts. 5. Fully Serviced Lease: In this lease agreement, the tenant pays a higher base rent, and the landlord covers all property expenses, including property taxes, insurance, maintenance costs, and common area charges. The additional rent is generally not based on the tenant's gross receipts but included in the higher base rent. It is crucial for both landlords and tenants to fully understand the terms and conditions outlined in the California Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts. Consulting with a real estate attorney or an experienced real estate agent can help ensure compliance and protect the interests of both parties involved.

The California Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts is a legally binding agreement that outlines the terms and conditions for renting a retail space in California. This type of lease is commonly used in the real estate industry and is designed to protect both the landlord and the tenant. This lease agreement is unique as it includes an additional rent component that is based on a percentage of the tenant's gross receipts. This means that in addition to paying a fixed base rent, the tenant will also be required to pay a percentage of their sales revenue to the landlord. There are several types of California Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts that cater to different situations and requirements. Some of these variations include: 1. Single-Tenant Retail Lease: This type of lease is designed for a single retail store operated by a single tenant. The tenant is responsible for paying the base rent as well as a percentage of their gross receipts to the landlord. 2. Multi-Tenant Retail Lease: This lease is suitable for retail plazas or shopping centers with multiple tenants. Each tenant is required to pay a portion of their sales revenue as additional rent, which is proportionate to their leased space. 3. Double Net Lease: In this lease agreement, the tenant is responsible for paying a fixed base rent along with a percentage of their gross receipts. Additionally, the tenant is responsible for property taxes and insurance expenses, while the landlord covers common area maintenance costs. 4. Triple Net Lease: This type of lease shifts a significant portion of the property expenses to the tenant. The tenant is responsible for paying a fixed base rent, property taxes, insurance expenses, and maintenance costs. The additional rent is calculated based on a percentage of the tenant's gross receipts. 5. Fully Serviced Lease: In this lease agreement, the tenant pays a higher base rent, and the landlord covers all property expenses, including property taxes, insurance, maintenance costs, and common area charges. The additional rent is generally not based on the tenant's gross receipts but included in the higher base rent. It is crucial for both landlords and tenants to fully understand the terms and conditions outlined in the California Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts. Consulting with a real estate attorney or an experienced real estate agent can help ensure compliance and protect the interests of both parties involved.