percentage lease

percentage lease
A rental agreement, usually with respect to a retail business property, whereby a portion of the gross sales or net sales of the tenant is used to determine the rent.

Dictionary from West's Encyclopedia of American Law. 2005.


percentage lease
A rental agreement, usually with respect to a retail business property, whereby a portion of the gross sales or net sales of the tenant is used to determine the rent.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • Percentage Lease — 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. Percentage lease agreements can often decrease the base rate while …   Investment dictionary

  • percentage lease — noun : a lease of business property at a base rental plus a specified percent of receipts from the business …   Useful english dictionary

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • Lease Rate — The amount of money paid over a specified time period for the rental of an asset, such as real property or an automobile. The lease rate that the lender earns from allowing someone else to use his property compensates him for not being able to… …   Investment dictionary

  • Annual percentage rate — Parts of total cost and effective APR for a 12 month, 5% monthly interest, $100 loan paid off in equally sized monthly payments. The term annual percentage rate (APR), also called nominal APR, and the term effective APR, also called EAR,[1]… …   Wikipedia

  • Convict lease — Convict leasing was a system of penal labor practiced in the Southern United States, beginning with the emancipation of slaves at the end of the American Civil War in 1865, peaking around 1880, and ending in the last state, Alabama, in 1928.… …   Wikipedia

  • leveraged lease — A type of financial lease in which the lessor borrows a high percentage of the cost of the leased asset on a nonrecourse basis from lenders. This is also sometimes called a third party equity lease or a tax lease …   Black's law dictionary

  • leveraged lease — A type of financial lease in which the lessor borrows a high percentage of the cost of the leased asset on a nonrecourse basis from lenders. This is also sometimes called a third party equity lease or a tax lease …   Black's law dictionary

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