Property Management
A commercial lease that requires the tenant to pay base rent plus a percentage of monthly sales revenue is called a:
AA. Net lease
BB. Ground lease
CC. Percentage lease✓ Correct
DD. Gross lease
Explanation
A percentage lease requires the tenant to pay a base rent plus a percentage of gross sales. It is commonly used for retail tenants, especially in shopping centers, aligning landlord returns with tenant performance.
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