Property Management
A West Virginia commercial lease with a percentage rent clause means the tenant pays:
AA base rent plus a percentage of their annual gross sales above a breakpoint✓ Correct
BOnly a percentage of the property's appraised value each year
CThe same percentage of all operating costs as other tenants
DA flat rent equal to a percentage of market rent
Explanation
Percentage rent clauses, common in retail leases, require the tenant to pay a base rent plus a percentage of gross sales that exceed a specified dollar 'breakpoint.' This allows landlords to share in the tenant's sales success.
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