Property Management
A New Mexico commercial tenant with a percentage lease pays rent based on:
AA fixed monthly amount regardless of sales
BA base rent plus a percentage of the tenant's gross sales above a breakpoint✓ Correct
COnly a percentage of net profit
DThe property's assessed value
Explanation
A percentage lease requires a base rent plus additional rent equal to a percentage of the tenant's gross sales above a natural breakpoint. It is common in retail shopping centers.
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