What is the meaning of percentage lease?

percentage lease is a lease, commonly used for commercial property, whose rental is based on the tenant's gross sales at the premises. It usually stipulates a base monthly rental plus a percentage of any gross sales above a certain amount. (See lease).

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APABarry Goldsmith. (2010). percentage lease. Retrieved September 28, 2026, from http://smartdefine.org/percentage_lease/definitions/1160415
ChicagoBarry Goldsmith. 2010. "percentage lease" http://smartdefine.org/percentage_lease/definitions/1160415 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, percentage lease, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/percentage_lease/definitions/1160415>.
MLABarry Goldsmith. "percentage lease" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/percentage_lease/definitions/1160415>