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You have entered into a Retail lease that has a fixed Base Rent of $10/SF on your 5,000 SF space. Your annual sales are $400/SF.
You have entered into a Retail lease that has a fixed Base Rent of $10/SF on your 5,000 SF space. Your annual sales are $400/SF. Your Lease also requires Percentage Rent of 5% based on a Natural Breakpoint. How much is your first year's Base Rent, Percentage Rent and then the total Rent?
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Answer First Years base rent 50000 First Years percentage rent 5...
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Dynamic Business Law The Essentials
Authors: Nancy K. Kubasek, M. Neil Browne, Daniel J. Herron, Lucien Dhooge Sue
3rd edition
007802384X, 1260247899, 9781260247893, 978-0078023842
