Property & OwnershipQuestion 102 of 120
A 'percentage lease' is most commonly used for:
a.Single-family homes
b.Vacant agricultural land
c.Retail stores, where rent is partly based on sales
d.Government office buildings only
Explanation
A percentage lease charges base rent plus a percentage of the tenant's gross sales, aligning the landlord's income with the tenant's business performance. It is typical in shopping centers and retail settings.
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