Understanding Percentage Rent in Commercial Leases

By Bruce B. May Commercial leases for retail and restaurant tenants often require the tenant to pay percentage rent.  Percentage rent is that sum a tenant will pay in addition to base (minimum) rent as a percentage of a portion of the tenant’s gross sales. A landlord will want the…

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Small Business Real Estate Series, Part III: Personal Guarantees to Commercial Leases

By: David Brnilovich Part II of the Small Business Real Estate Series focused on commercial lease negotiations. As indicated in the blog, commercial leases are typically extensive, including dozens of pages of terms with numerous exhibits, addenda, rules and regulations. One of the most important, yet least understood, attachments to…

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