Percentage Rent

A common feature in retail leases, percentage rent is when a portion of sales volume is paid to the property owner based on a percentage of the tenant's rent. For example, instead of paying $10/SF/Month in rent, a retail tenant might pay $5/SF/Month plus an additional 5% of monthly sales. Profiles can be created in the "Global: Percentage Rent" and applied to multiple fields in the U-Rite Inputs tab.