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

• Category: Leases - Commercial
• State: Multi-State
• County: Harris
• 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 Harris Texas Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts is a specific type of lease agreement commonly used in the real estate industry. This lease agreement is specifically designed for retail stores located in Harris County, Texas. It includes a unique provision where the additional rent is calculated based on a certain percentage of the tenant's gross receipts. This type of lease is commonly used in retail settings where the success of the business directly affects the rent payment. In the Harris Texas Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts, the landlord and tenant agree upon a base rent amount that is payable on a monthly basis. However, in addition to the base rent, the tenant is also required to pay additional rent based on a percentage of their gross receipts. This additional rent helps the landlord to receive a fair share of the tenant's success and take advantage of a prosperous business. The key benefit of this type of lease agreement for the tenant is that their rent is directly related to their business performance. If the retail store experiences high sales and generates significant gross receipts, the additional rent would also increase proportionally. On the other hand, if the store's sales and gross receipts decline, the additional rent payment would decrease accordingly. Landlords prefer this type of lease as it aligns their interest with that of the tenant. When the retail store does well, the landlord receives more income through the additional rent. It also fosters a cooperative relationship, encouraging landlords to support tenant success by attracting more foot traffic or providing marketing assistance. This type of lease agreement is suitable for various retail businesses, including clothing stores, boutiques, electronics shops, grocery stores, and restaurants, located specifically in the Harris County area of Texas. Different variations or types of Harris Texas Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts may include specific clauses or provisions tailored to the unique needs of the tenant or the property. These variations could include options for subleasing, specifying maintenance responsibilities, defining the periods for reviewing rent percentages, or including exclusivity clauses to prevent competing business operations within the same property.

The Harris Texas Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts is a specific type of lease agreement commonly used in the real estate industry. This lease agreement is specifically designed for retail stores located in Harris County, Texas. It includes a unique provision where the additional rent is calculated based on a certain percentage of the tenant's gross receipts. This type of lease is commonly used in retail settings where the success of the business directly affects the rent payment. In the Harris Texas Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts, the landlord and tenant agree upon a base rent amount that is payable on a monthly basis. However, in addition to the base rent, the tenant is also required to pay additional rent based on a percentage of their gross receipts. This additional rent helps the landlord to receive a fair share of the tenant's success and take advantage of a prosperous business. The key benefit of this type of lease agreement for the tenant is that their rent is directly related to their business performance. If the retail store experiences high sales and generates significant gross receipts, the additional rent would also increase proportionally. On the other hand, if the store's sales and gross receipts decline, the additional rent payment would decrease accordingly. Landlords prefer this type of lease as it aligns their interest with that of the tenant. When the retail store does well, the landlord receives more income through the additional rent. It also fosters a cooperative relationship, encouraging landlords to support tenant success by attracting more foot traffic or providing marketing assistance. This type of lease agreement is suitable for various retail businesses, including clothing stores, boutiques, electronics shops, grocery stores, and restaurants, located specifically in the Harris County area of Texas. Different variations or types of Harris Texas Lease of Retail Store with Additional Rent Based on Percentage of Gross Receipts may include specific clauses or provisions tailored to the unique needs of the tenant or the property. These variations could include options for subleasing, specifying maintenance responsibilities, defining the periods for reviewing rent percentages, or including exclusivity clauses to prevent competing business operations within the same property.