2007-03-18 14:49:41 · 2 answers · asked by INSPIRINGBEAUTY4U 2 in Business & Finance ➔ Renting & Real Estate
It really depends on your particular market area. Percentage rent is usually comprised of a base rent plus a certain percentage of sales of a certain price ie. base rent 2,000k per month + 2% of the first 200,000k in gross sales and 1% of rent after afterwards. If there gross sales were 500k then there rent would be $2,000 base rent + $4,000(200k *2%) +3,000(300k*1%)= 7k. I would speak with realtors and other landlords in your area to find out what the market is charging. You do not want to be above or below market. It is a common practice.
2007-03-18 17:40:00 · answer #1 · answered by tianaramal 4 · 0⤊ 0⤋
It is a percentage of their gross sales, but the calculation probably varies because gross may mean different things to different companies.
I am sure that there are many anchors that do not pay a percentage of their sales.
2007-03-18 21:56:37 · answer #2 · answered by PeaceNow 2 · 0⤊ 1⤋