Question
A lease for a large portion of the ground floor of a building where the Tenant agrees to pay the Landlord a reduced base rent
A lease for a large portion of the ground floor of a building where the Tenant agrees to pay the Landlord a reduced base rent plus a portion of the Tenant's sales revenues is called what?
Percentage lease
Triple Net (NNN) Lease
Ground lease
Gross lease
Step by Step Solution
3.36 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below The correct answer is Percentage lease ...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
