Book Publication Date:
Sep 2013 Description: Leases for retail space often have both fixed rent and percentage rent provisions. A fashion entrepreneur may want to use a percentage rent clause as a way to reduce up front costs. The sample clause included here provides for percentage rent to be paid above a certain threshold of gross revenues. Type: Contract Clauses
PLI Item #: 58378
Practice Area: Corporate & Securities, Employment, Intellectual Property
Keywords: fashion; retail; brand; "real estate"; "brick and mortar"; landlord; tenant; rent; "percentage rent"; "fixed rent"; lease; "gross revenue"