Property Management
A percentage lease, commonly used in Oklahoma retail leasing, requires the tenant to pay:
AA percentage of the building's appraised value annually
BBase rent plus a percentage of the tenant's gross sales above a breakpoint✓ Correct
CRent that increases by a fixed percentage each year
DA percentage of the landlord's mortgage payment
Explanation
A percentage lease requires the tenant to pay a base rent plus a percentage of their gross sales once sales exceed a breakpoint (natural or artificial). This aligns the landlord's income with the tenant's business performance.
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