percentage lease

percentage lease definition - business

percentage lease

A leasing arrangement in which the tenant pays fixed monthly rent plus a percentage of revenues generated from the leased property. Percentage leases are common for retail space leased in shopping malls.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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