Ben O'Grady

How Percentage Rent Works in a Commercial Real Estate Lease

Retail tenants and commercial real estate professionals should be aware of a common provision in leases known as percentage rent. This article will explain how percentage rent and breakpoints work, with clear examples along the way. Simply put, percentage rent is extra rent paid based on a percentage of gross sales. Percentage rent situations can be …

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Difference Between Rentable Square Feet versus Usable Square Feet

One of the first steps in evaluating a commercial property is determining the total rentable square feet. While this might seem like a straightforward calculation, it unfortunately doesn’t always end up being so simple. This is particularly true for multi-tenant buildings. In this article we’ll go over how to calculate rentable square feet (RSF), usable …

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