Property Management
A percentage lease in commercial real estate means the tenant pays:
AA percentage of the building's assessed value as rent
BA base rent plus a percentage of the tenant's gross sales✓ Correct
CRent that increases by a fixed percentage each year
DA percentage of the building's net income
Explanation
A percentage lease requires the tenant to pay a base rent plus a percentage of their gross sales above a breakpoint. Common in retail shopping centers.
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