Property Management
A percentage lease (common in retail) means the tenant pays:
AA percentage of the property's market value as rent
BA base rent plus a percentage of gross sales above a breakpoint✓ Correct
COnly a percentage of the landlord's mortgage payment
DRent based on the tenant's profit margin
Explanation
A percentage lease has a base rent component plus a percentage of the tenant's gross sales above a natural breakpoint. It is common in retail shopping centers and aligns landlord and tenant interests.
Related Georgia Property Management Questions
- Deferred maintenance refers to:
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- Georgia's Landlord-Tenant Act requires that before a landlord can recover the dwelling unit through eviction, the landlord must first:
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