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Percentage Rent Lease Clause Sample

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: Commercial law, Fashion design, Intellectual property

Keywords: fashion; retail; brand; "real estate"; "brick and mortar"; landlord; tenant; rent; "percentage rent"; "fixed rent"; lease; "gross revenue"

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