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What is percentage lease?
A percentage lease is a type of lease agreement where the tenant pays a base rent plus a percentage of their sales.
Who is required to file percentage lease?
Commercial tenants who have a percentage lease agreement are required to file a percentage lease.
How to fill out 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.
What is the purpose of percentage lease?
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.
What information must be reported on percentage lease?
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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