Property Management
A percentage lease, common in retail real estate, requires the tenant to pay:
AA fixed rent regardless of business performance
BA base rent plus a percentage of gross sales above a specified breakpoint✓ Correct
COnly a percentage of net profits
DRent equal to a percentage of the property's assessed value
Explanation
A percentage lease requires the tenant to pay a base (minimum) rent plus an additional amount equal to a percentage of gross sales above a natural or artificial breakpoint, aligning landlord income with tenant business performance.
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