Property Management
A Kentucky commercial lease provision known as a 'percentage rent' clause requires the tenant to pay:
AA fixed percentage of all tenants' rents
BBase rent plus a percentage of their gross sales above a breakpoint✓ Correct
CRent equal to a percentage of the property's market value
DAn annual rent increase equal to a set percentage
Explanation
A percentage rent clause in a commercial lease requires the tenant to pay base rent plus a percentage of gross sales that exceed a certain breakpoint, common in retail leases.
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