my landlord stipulates: 4.5% over gross basic rent of $68,000...how do you get the calculation to get to the sales ???
2006-11-29 15:51:38 · 2 answers · asked by serengeti 3 in Business & Finance ➔ Renting & Real Estate
during year 1 thru 10 of the term of this lease , by which 4.5% of all such gross sales exceeds the annual minimum rent ($68,500 rent) in any such year
2006-11-29 16:27:23 · update #1
What is it, 4.5% over the 1% figure for normal rental rates? We don't get this...redo your question, can you?
2006-11-29 16:08:49 · answer #1 · answered by Barbara 5 · 0⤊ 0⤋
What's the complete sentence? Gross Basic rent usually means the basic rent plus a utility allowance, but "4.5% over" could mean several things depending on what words are ahead of it. Maybe you get 4.5% of the total, minus 68K? Or maybe you PAY it? You have to give the whole sentence.
editing: that's still a fragment! The whole sentence please, from capital letter to the period at the end!
2006-11-30 00:00:15 · answer #2 · answered by Kacky 7 · 0⤊ 0⤋