A retailer's sales must be audited by the property owner in which type of lease?
A) percentage lease
B) straight lease
C) net lease
D) graduated lease

Question

Quizplus · Accepted Answer

In a percentage lease, the retailer pays a base rent plus a percentage of the revenue earned while operating on the property. This arrangement necessitates the property owner to audit the retailer's sales to calculate the percentage rent accurately.

A Retailer's Sales Must Be Audited by the Property Owner