Practice Of Real EstateProperty ManagementMEDIUM
When rent is computed based on the gross sales of a business occupying the property, the lease is classified as a(n):
Correct Answer
B) voidable lease.
A percentage lease calculates rent based on a percentage of the tenant's gross sales.
Answer Options
A
valid lease.B
voidable lease.C
net lease.D
percentage lease.Audio Lesson3 min
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Related Topics & Key Terms
Related Topics:
commercial-lease-typesrent-calculation-methodscommercial-property-disclosure-requirements
Key Terms:
percentage leasegross salescommercial leaseretail leasebase rent
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