Alameda California Percentage Shopping Center Lease Agreement

• Category: Landlord Tenant - Commercial Leases - Shopping Centers
• State: Multi-State
• County: Alameda
• Control #: US-01626
• Format: Word; Rich Text

Description

This form is for the lease of property to be used as a shopping center. The landlord warrants that the demised premises may be used, but not limited to such use, by tenant, among others, for the conduct of a mercantile business of the type and kind known as a variety store, discount store, dollar store or variety discount store. The Alameda California Percentage Shopping Center Lease Agreement is a legal contract that outlines the terms and conditions for leasing a commercial space in a shopping center in the city of Alameda, California. This agreement specifically focuses on the percentage rent arrangement, which is a common method of determining rent for retail businesses based on a percentage of their gross sales. Keywords: Alameda California, percentage shopping center lease agreement, commercial space, terms and conditions, leasing, shopping center, percentage rent arrangement, retail businesses, gross sales. Different types of Alameda California Percentage Shopping Center Lease Agreements may include: 1. Base Rent Percentage Agreement: This type of agreement sets a fixed base rent that the tenant has to pay in addition to a percentage of their gross sales. The base rent serves as a guaranteed minimum rent, while the percentage of gross sales ensures that the landlord is compensated for the tenant's success. 2. Percentage Only Agreement: In this agreement, there is no base rent, and the tenant solely pays a percentage of their gross sales as rent. This type of agreement is often preferred by tenants who anticipate high sales volume and want to avoid fixed rent costs. 3. Tiered Percentage Agreement: This agreement incorporates multiple tiers or levels of rent percentages based on the tenant's sales performance. As the tenant's sales increase, they move up to a higher rent percentage tier. Conversely, if the sales decline, they may move down to a lower tier. This arrangement allows for flexibility and can benefit both the tenant and the landlord, depending on their sales performance. 4. Percentage Rent with Cap: This type of agreement sets a maximum limit or cap on the amount of rent that a tenant has to pay as a percentage of their gross sales. This ensures that the rent amount remains reasonable and manageable, even if the tenant's sales skyrocket. 5. Percentage Rent with Breakpoint: A breakpoint is a specific sales threshold defined in the agreement that triggers a change in the rent percentage. Below the breakpoint, the tenant pays a lower percentage, and once the breakpoint is reached, the percentage increases. This type of agreement provides an incentive for the tenant to increase sales and helps protect the landlord's interests. Overall, the Alameda California Percentage Shopping Center Lease Agreement serves as a crucial document that governs the landlord-tenant relationship, determining the rent structure, and ensuring a fair and equitable arrangement for both parties involved.

The Alameda California Percentage Shopping Center Lease Agreement is a legal contract that outlines the terms and conditions for leasing a commercial space in a shopping center in the city of Alameda, California. This agreement specifically focuses on the percentage rent arrangement, which is a common method of determining rent for retail businesses based on a percentage of their gross sales. Keywords: Alameda California, percentage shopping center lease agreement, commercial space, terms and conditions, leasing, shopping center, percentage rent arrangement, retail businesses, gross sales. Different types of Alameda California Percentage Shopping Center Lease Agreements may include: 1. Base Rent Percentage Agreement: This type of agreement sets a fixed base rent that the tenant has to pay in addition to a percentage of their gross sales. The base rent serves as a guaranteed minimum rent, while the percentage of gross sales ensures that the landlord is compensated for the tenant's success. 2. Percentage Only Agreement: In this agreement, there is no base rent, and the tenant solely pays a percentage of their gross sales as rent. This type of agreement is often preferred by tenants who anticipate high sales volume and want to avoid fixed rent costs. 3. Tiered Percentage Agreement: This agreement incorporates multiple tiers or levels of rent percentages based on the tenant's sales performance. As the tenant's sales increase, they move up to a higher rent percentage tier. Conversely, if the sales decline, they may move down to a lower tier. This arrangement allows for flexibility and can benefit both the tenant and the landlord, depending on their sales performance. 4. Percentage Rent with Cap: This type of agreement sets a maximum limit or cap on the amount of rent that a tenant has to pay as a percentage of their gross sales. This ensures that the rent amount remains reasonable and manageable, even if the tenant's sales skyrocket. 5. Percentage Rent with Breakpoint: A breakpoint is a specific sales threshold defined in the agreement that triggers a change in the rent percentage. Below the breakpoint, the tenant pays a lower percentage, and once the breakpoint is reached, the percentage increases. This type of agreement provides an incentive for the tenant to increase sales and helps protect the landlord's interests. Overall, the Alameda California Percentage Shopping Center Lease Agreement serves as a crucial document that governs the landlord-tenant relationship, determining the rent structure, and ensuring a fair and equitable arrangement for both parties involved.