Property Management
A 'percentage lease' commonly used for retail properties in NC requires tenants to pay:
AA flat monthly rent regardless of sales
BBase rent plus a percentage of the tenant's gross sales above a natural breakpoint✓ Correct
COnly a percentage of sales with no base rent
DRent equal to a percentage of the property's assessed value
Explanation
A percentage lease requires a base rent plus a percentage of gross sales above the natural breakpoint, aligning landlord income with the tenant's business performance.
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