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This document serves as an addendum to a lease agreement, outlining the terms related to Percentage Rent, which is an additional payment based on the Gross Sales of the Lessee.
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How to fill out PERCENTAGE RENT STANDARD LEASE ADDENDUM

01
Begin with the title of the document, ensuring it reads 'Percentage Rent Standard Lease Addendum'.
02
Include the names of the landlord and tenant at the top of the document.
03
Specify the original lease agreement date and the property address.
04
Define the base rent amount in the designated section.
05
Clearly outline the percentage of gross sales that will be paid as additional rent.
06
Detail the method for calculating gross sales, including any exclusions.
07
Include provisions for submission deadlines and required documentation of sales.
08
Explain any adjustments or reconciliations with base rent to avoid confusion.
09
Specify the duration of the percentage rent clause and any renewal options.
10
Include signatures and dates from both landlord and tenant to finalize the agreement.

Who needs PERCENTAGE RENT STANDARD LEASE ADDENDUM?

01
Commercial landlords who want to tie rent to tenant sales performance.
02
Retail tenants who agree to pay a percentage of sales in addition to base rent.
03
Real estate professionals managing commercial leases.
04
Businesses operating in retail spaces planning to negotiate lease terms.
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Percentage leases are most often used with retail tenants. Multi-tenant retail properties, such as malls and shopping centers, use this type of lease because it benefits both parties involved.
How to Calculate Percentage Lease Step 1 → Calculate the Base Rent (Base Rent × Square Footage Leased) Step 2 → Determine the Natural Breakpoint (Base Rent ÷ Percentage Rate) Step 3 → Compute the Excess Gross Sales per Month (Gross Sales – Breakpoint Sales) Step 4 → Multiply the Percentage Rate by the Excess Gross Sales.
The formula for calculating percentage rent with a natural breakpoint is: (Gross Sales – Natural Breakpoint) x Agreed-Upon Percentage = Percentage Rent. (Gross Sales – Artificial Breakpoint) x Agreed-Upon Percentage = Percentage Rent. Gross Sales x Agreed-Upon Percentage = Percentage Rent.
Net rental yield Times your monthly rental income by 12. Subtract your annual costs – like mortgage payments, maintenance and any insurance, fees or taxes. Divide that by the property's purchase value or current price. Times that figure by 100 to get your percentage. Example.
Calculating How Much to Charge in Rent When it comes time to determine how much to charge, a common starting point is the 1% rule. This rule of thumb suggests charging 1% of the property's value in monthly rent. For example, a home worth $300,000 would rent for about $3,000 per month.
Percentage rent clauses provide that if the tenant's sales from or connected with its leased premises exceed a certain amount for the year, the tenant will pay the landlord, as percentage rent, a percentage of its sales for the year.
What are the common terms of a percentage lease? The common terms of a percentage lease typically include a fixed breakpoint of revenue, a percentage rate, and a tiered system. The average percentage rate usually hovers around 7%, and the tiered system is less common.

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The Percentage Rent Standard Lease Addendum is a supplementary document used in commercial leasing agreements that allows landlords to collect a percentage of a tenant's gross sales in addition to base rent.
Tenants who have signed a lease that includes a percentage rent provision are required to file the Percentage Rent Standard Lease Addendum.
To fill out the Percentage Rent Standard Lease Addendum, tenants need to complete sections detailing their gross sales figures, the percentage of sales to be paid as rent, and any relevant lease dates or other terms as specified in the addendum.
The purpose of the Percentage Rent Standard Lease Addendum is to formalize the arrangement between landlord and tenant regarding the calculation and payment of percentage rent, ensuring transparency and compliance.
The information that must be reported on the Percentage Rent Standard Lease Addendum includes the tenant's gross sales figures, the agreed-upon percentage of those sales that will constitute rent, the calculation method, and reporting periods.
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