percentage rental

percentage rental

A rent paid by a tenant to an owner, usually comprising a minimum monthly payment plus a specified percentage of the value of business done by the tenant during the month.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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In Miller, the Court had held that an agreement allowing a private corporation to construct a golf-driving range, with accessory shops and a parking lot, on public park land, and to operate the enterprise on a percentage rental basis for twenty years, with certain "revocable" termination rights reserved to the Parks Commissioner, which were not exercisable "at pleasure," was as a matter of law and on its face ...
However, in most cases where a rental increase is permitted, presumably that property could still fall into that percentage rental disparity
Markets with the highest percentage rental growth include Austin, Charlotte and Seattle while Manhattan claims the top per-square-foot rate with an average asking rent of $56.96.
Simon also is required to pay JMC additional rental defined as "25 percent of the total percentage rentals paid by sub lessees."
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