I am looking at a small shopping center that I may want to buy. How do shopping center leases work?
Quite commonly, the tenant pays a base rent – often tied to the amount of square feet the store occupies. In addition, the lease may require the tenant to pay a certain percentage of gross sales.
Shopping tenants often contribute a portion of the expenses of maintaining the common areas of the shopping center and may also pay for part of the property taxes.
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