Percentage Lease

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Definition of "Percentage Lease"

A percentage lease is a specific type of rental arrangement that applies mainly to retailers, especially in shopping centers or multiple-tenant malls. In a percentage lease, the tenant pays a fixed or base rent plus a percentage of gross income, sales or revenue.

"Percentage Lease" is referred to in the following legal documents:

Commercial Lease

See also:

Gross Rent Lease

Triple-Net Lease

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