Getting a Lease Termination Right for Tenant with Incorrect Gross Sales Report

Getting a Lease Termination Right for Tenant with Incorrect Gross Sales Report



Q: I’ve negotiated percentage rent provisions in my leases with several of my retail tenants at the shopping center I own. I’m relying on these tenants to give me correct gross sales figures so that I can get the percentage rent that I’m owed, and can gauge how well the tenants’ businesses are doing. I’ve heard of scenarios where a dishonest tenant may try to undercut the owner’s percentage rent by lowering its gross sales figures.

Full Article Access:

Full access to complete articles from Commercial Lease Law Insider is for subscribers only.

Not yet ready to subscribe?

Topics