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1282293434453281 ()Lease 1750(1)(
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A percentage lease is a type of lease agreement where the tenant pays a base rent plus a percentage of their sales.
Commercial tenants who have a percentage lease agreement are required to file a percentage lease.
To fill out a percentage lease, the tenant must include their base rent amount, their sales figures, and calculate the percentage rent owed.
The purpose of a percentage lease is to align the interests of the landlord and tenant by tying the rent to the tenant's sales performance.
The information that must be reported on a percentage lease includes base rent amount, sales figures, and calculation of percentage rent owed.
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