Average Percentage Rent For Restaurants
Description
How to fill out Shopping Center Lease Agreement - Percentage Rent Option?
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FAQ
Questions to Ask Landlords Before Leasing Restaurant Space When do I start paying rent? ... Can I sign the lease as an entity rather than personally? ... Do I have to sign a personal guarantee? ... Why did the last tenant leave? ... Are their any liens on the space? ... Can I get an exclusive clause? ... Am I able to get a liquor license?
In the commercial leasing industry, $/SF/year or $/SF/yr means the rent per square foot per year. Why is this important? This is because most commercial rental rates are usually quoted in dollars per square foot on an annual basis.
Most commercial lease rates are quoted in annual dollars per square foot. Example: $15/SF In most cases (at least on the east coast of the US) this means you will pay $15.00 per square foot per year.
$10 per square foot would be the annual rental rate for the space in question. What you would do you would take the size of the space, multiply it by the $10 per square foot, divide that by 12 and you'll have your monthly rent.
Prices per square foot are usually quoted as the price per square foot per year for a given space. (In some states like California, prices per square foot are quoted in monthly terms.)