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Percentage Lease |
Also found in: Financial | 0.02 sec. |
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A rental agreement, usually with respect to a retail business property, whereby a portion of the gross sales or net sales of the tenant is used to determine the rent. There is generally a provision in a percentage lease that calls for a minimum or base rental. It protects the lessor in the event of poor sales. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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