Overage Rent
The additional rent (over a base amount) that is paid by tenants to owners on tenant sales over a specified dollar amount; frequently found in retail leases; also known as “percentage rent”.
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The additional rent (over a base amount) that is paid by tenants to owners on tenant sales over a specified dollar amount; frequently found in retail leases; also known as “percentage rent”.
Source: NCREIF | Date: 09 September 2025 | ID: D1336 | Version: 1