Property Management
A percentage lease used in Rhode Island retail properties typically requires the tenant to pay:
AA flat monthly rent regardless of sales volume
BBase rent plus a percentage of gross sales above a breakpoint✓ Correct
CRent equal to a fixed percentage of the property's assessed value
DOnly a percentage of net profits with no base rent
Explanation
A percentage lease requires the tenant to pay a base rent plus a percentage of gross sales above a specified breakpoint, aligning the landlord's income with the tenant's business performance.
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