Rental charge that is based on a percentage of your sales.
Rent that is usually based upon a percentage of the gross sales or revenue of the tenant. The percentage rent may be paid monthly, quarterly, or annually.
A rent, which is calculated as a proportion of the annual turnover of the lessees business. Usually, it does not fall below a base rent. More common in America although in recent years being applied with increasing frequency in the United Kingdom especially with regard to more profitable retail out lets.
Rent that is paid as a percentage of retail sales, often in addition to the base rent.
Rent paid by a retail tenant which is based upon a percentage of Gross Sales in excess of a specified dollar amount (the Breakpoint). Also called 'Overage Rent'. EXAMPLE: See example for 'Overage Rent'.
Provides for a rent to be paid as a percentage of retail sales, usually quarterly or annually. Often coupled with a base rent.
A Lease may have a percentage rent fee clause, which means once a target sales figure has been reached, you will pay the landlord the greater of: the amount determined by calculating a percentage of your gross sales i.e.: 6% the regular monthly rent amount.
The additional rent (over a base amount) that is paid by tenants to owners on tenant sales over a specified dollar amount. It is frequently found in retail leases. Also known as overage rent.
Rent payable under a percentage lease. Typically the percentage applies to sales in excess of a pre-established base amount of the dollar sales volume.
Rent based on a gross sales breakpoint or other performance measure.
Rent payable under a lease that is equal to a percentage of gross sales or gross revenues received by the tenant. It is commonly used in retail center leases.