Property Management
A percentage lease ties the tenant's rent to:
AThe Consumer Price Index
BA percentage of the tenant's gross sales✓ Correct
CA percentage of the property's market value
DThe prevailing interest rate
Explanation
A percentage lease requires the tenant to pay rent based on a percentage of their gross sales, typically with a minimum base rent. This type of lease is common in retail settings such as shopping malls, where the landlord participates in the tenant's business success.
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