Verification of a store's sales is required for the property owner in which type of lease?
A)graduated lease
B)straight lease
C)net lease
D)percentage lease

Question

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In a percentage lease, the rent payment is calculated as a percentage of the tenant's gross sales. Therefore, verification of the store's sales is required to ensure that the correct rent payment is being made. In a graduated lease, the rent payment increases over time according to a predetermined schedule. In a straight lease, the rent payment is fixed and does not depend on the tenant's sales or profits. In a net lease, the tenant is responsible for paying a portion of the property's operating expenses, but verification of sales is not typically required.

Verification of a Store's Sales Is Required for the Property