Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Percentage Rent

A percentage of the tenant's total annual sales paid as rent. Percentage rent is normally paid after a predetermined sales level has been achieved. The percentage factor is then applied to all sales over the preset level (breakpoint).

Source: NCREIF PREA | Date: 23 March 2020 | ID: D0305 | Version: 2