Definitions for "PERCENTAGE RENT"
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.