Definitions for "PERCENTAGE LEASE"
Keywords:  rental, rent, premises, gross, tenant
A lease commonly used for commercial property that provides for a rental based on the tenant's gross sales at the premises. It generally stipulates a base monthly rental, plus a percentage of any gross sales exceeding a certain amount.
A lease in which the landlord is fully or partially compensated for rent by a percentage of the tenant's sales.
a lease agreement in which the amount of rent due equals a percentage of other than that income or the gross income which is derived from services or sales.It is frequent in such a lease that minimum and maximum rents are guaranteed, no matter how profitable or unprofitable in product, sale, or service turns out to be.