Property Management
In Florida, a 'percentage lease' is most commonly used in:
AResidential apartment leases
BCommercial retail leases where rent is a percentage of gross sales✓ Correct
CAgricultural land leases based on crop yield
DIndustrial warehouses based on square footage used
Explanation
A percentage lease is common in retail commercial properties, particularly in shopping centers. The tenant pays a base rent plus a percentage of their gross sales above a specified threshold. This aligns the landlord's interest with the tenant's business success.
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