Detailed lease for store space within a shopping center, with an option for rent as a percentage of gross sales.
Shopping Center Lease Agreement - percentage rent option
State:
Multi-State
Control #:
US-808LT
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Shopping Center Lease Agreement - Percentage Rent Option?
Utilize the most comprehensive legal library of forms. US Legal Forms is the best place for finding up-to-date Shopping Center Lease Agreement - percentage rent option templates. Our platform offers a large number of legal forms drafted by licensed attorneys and grouped by state.
To download a sample from US Legal Forms, users only need to sign up for an account first. If you’re already registered on our service, log in and select the document you need and buy it. Right after buying templates, users can see them in the My Forms section.
To get a US Legal Forms subscription on-line, follow the guidelines listed below:
- Find out if the Form name you’ve found is state-specific and suits your requirements.
- In case the form features a Preview function, utilize it to check the sample.
- If the template does not suit you, utilize the search bar to find a better one.
- PressClick Buy Now if the template corresponds to your expections.
- Choose a pricing plan.
- Create a free account.
- Pay via PayPal or with yourr debit/credit card.
- Select a document format and download the template.
- Once it’s downloaded, print it and fill it out.
Save your time and effort with our service to find, download, and complete the Form name. Join thousands of happy clients who’re already using US Legal Forms!
Form popularity
FAQ
A percentage rent provision provides that if the tenant achieves a certain amount of gross sales in a given year, they will pay a percentage of such gross sales to the landlord as additional rent.The tenant, however, will have already paid $100,000 in annual fixed rent.
Percentage rent is typically based on a percentage of the tenant's sales in excess of a fixed base dollar amount, which is often referred to as the breakpoint. The breakpoint is the minimum amount of sales that must be generated at the leased premises before percentage rent is payable.
Percentage rent is that sum a tenant will pay in addition to base (minimum) rent as a percentage of a portion of the tenant's gross sales. A landlord will want the tenant to pay percentage rent to insure it enjoys a share of the tenant's strong sales.
Depending on what you're selling, the standard gross-to-rent percentage can range anywhere from less than 1 percent all the way up to more than 13 percent, with most industries paying below 10 percent.