Detailed lease for store space within a shopping center, with an option for rent as a percentage of gross sales.
Arizona Shopping Center Lease Agreement - percentage rent option
State:
Multi-State
Control #:
US-808LT
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Shopping Center Lease Agreement - Percentage Rent Option?
If you need to complete, acquire, or print out lawful document themes, use US Legal Forms, the largest variety of lawful varieties, which can be found online. Use the site`s simple and easy handy lookup to get the files you will need. Various themes for organization and personal uses are categorized by types and suggests, or search phrases. Use US Legal Forms to get the Arizona Shopping Center Lease Agreement - percentage rent option in a handful of clicks.
In case you are presently a US Legal Forms buyer, log in for your bank account and click on the Download button to obtain the Arizona Shopping Center Lease Agreement - percentage rent option. Also you can accessibility varieties you formerly saved inside the My Forms tab of your own bank account.
If you are using US Legal Forms initially, refer to the instructions below:
- Step 1. Make sure you have chosen the form for your appropriate area/nation.
- Step 2. Utilize the Preview choice to look through the form`s content material. Don`t neglect to read the explanation.
- Step 3. In case you are unsatisfied with the type, utilize the Research discipline on top of the monitor to discover other variations of your lawful type web template.
- Step 4. Once you have discovered the form you will need, click the Get now button. Pick the prices prepare you favor and add your credentials to sign up for an bank account.
- Step 5. Approach the financial transaction. You may use your Мisa or Ьastercard or PayPal bank account to perform the financial transaction.
- Step 6. Find the format of your lawful type and acquire it on your own device.
- Step 7. Complete, modify and print out or indication the Arizona Shopping Center Lease Agreement - percentage rent option.
Each lawful document web template you acquire is your own property for a long time. You may have acces to every type you saved inside your acccount. Select the My Forms section and choose a type to print out or acquire again.
Compete and acquire, and print out the Arizona Shopping Center Lease Agreement - percentage rent option with US Legal Forms. There are millions of specialist and state-distinct varieties you can utilize to your organization or personal needs.
Form popularity
FAQ
Commercial tenants should be able to spend 5% to 10% of their gross sales per foot on rent. Your gross sales divided by the location's square footage will give you sales per square foot. For example, you estimate your business will make $300,000 per year in total sales, and you are looking at a 1,500 square foot space.
A percentage rent provision provides that if the tenant achieves a certain amount of gross sales in a given year, they will pay a percentage of such gross sales to the landlord as additional rent.
A radius restriction helps protect a landlord's prospect of receiving percentage rent by preventing a tenant's sales from being cannibalized or diluted by another store located in the surrounding area.
A percentage lease is a type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises.
Percentage of Sales Taken For example, a percentage lease might require a tenant to pay 7% of all sales that exceed more than $25,000 in sales in any given month. Seven percent is a common percentage lease figure, so if a landlord wants to charge you 10% or 12%, be leery.
To calculate, simply divide your annual gross income by 40. Another rule of thumb is the 30% rule, meaning that you can put 30% of your annual gross income in rent. If you make $90,000 a year, you can spend $27,000 on rent, and so your monthly rent should be $2,250.
Here's how to calculate the leased percentage: current number of units occupied + (number of units with signed leases yet to move in) / total number of units 100%.
A common method for determining percentage rent is to use a natural breakpoint. A natural breakpoint is calculated by dividing the base rent by an agreed percentage. The percentage rent payable by a tenant will then be equal to this percentage multiplied by the amount by which gross sales exceeds the breakpoint.
A percentage lease is a type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises. It is a term used in commercial real estate.