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LEASE AGREEMENT THIS LEASE is made and entered into this day of, by and between, an individual (hereinafter called “Landlord “), and, a corporation (hereinafter called “Tenant); In consideration
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How to fill out percentage shopping center lease

01
Start by thoroughly reading the lease agreement provided by the shopping center management.
02
Understand the terms and clauses mentioned in the lease agreement, especially regarding the percentage rent calculation.
03
Determine the base rent, which is typically a fixed amount that needs to be paid regardless of sales.
04
Identify the sales threshold or breakpoint, which is the point at which the percentage rent kicks in.
05
Determine the percentage rate that needs to be paid as rent based on the sales achieved.
06
Calculate the percentage rent by multiplying the percentage rate with the sales amount above the breakpoint.
07
Be aware of any additional charges or expenses that might be included in the lease agreement.
08
Fill out the lease agreement accurately, providing all required information and signatures.
09
Seek legal counsel or consult with a real estate professional if you have any doubts or concerns.
10
Submit the filled-out lease agreement to the shopping center management for approval and further processing.

Who needs percentage shopping center lease?

01
Percentage shopping center lease is typically required by retailers or businesses that operate within a shopping center and expect their sales to fluctuate.
02
Retailers who believe that their sales might exceed a certain threshold and want to pay rent based on a percentage of those sales can benefit from a percentage lease.
03
It allows tenants to have some flexibility in their rent payments by tying it to their actual sales performance.
04
Shopping center management may also prefer percentage leases as it provides an opportunity to benefit from the success of the retail tenants.
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A percentage shopping center lease is a type of lease where the tenant pays a base rent plus a percentage of their sales revenue to the landlord.
Both the landlord and the tenant are required to file the percentage shopping center lease.
To fill out a percentage shopping center lease, both parties should review the lease agreement, accurately fill in the details of the base rent and percentage of sales revenue, and sign the document.
The purpose of a percentage shopping center lease is to provide the landlord with a share of the tenant's sales revenue in addition to the base rent.
The percentage shopping center lease should include details such as the base rent amount, percentage of sales revenue to be paid, lease term, and any other relevant terms and conditions.
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