Welcome to our Percentage-Based Lease Contract – a unique lease arrangement that's designed to flex with your business's ups and downs.
What's Inside?
- How We Calculate Your Rent: We'll break down the formula we use to figure out your rent based on a percentage of your sales.
- Lease Terms: This sets the stage for our partnership, covering how long you'll be with us, any fixed rent components, and the important details that make our lease official.
- What You and We Are Responsible For Think of this section as our guide to the partnership. It spells out your duties as the tenant and ours as the landlord.
- Paying the Rent: This part explains how and when you need to pay your rent, all linked to how well your business is doing.
- Reporting Sales and Playing by the Rules: This is about keeping track of your sales and making sure everything is above board when it comes to rent calculations.
Why It Matters:
- Rent That Fits Your Success: This lease ties your rent directly to how well your business is doing. It's flexible – when things are slow, your rent can be too, and when you're booming, it's fair.
- Fairness Built In: It's an equitable way to set rent, so you're not paying more than your fair share. It's all about keeping things square in our partnership.
- We're in This Together: With this lease, we're both sharing the risks and rewards of your business's performance, creating a win-win situation.
How to Get the Most Out of It:
- Know How It Works: Make sure you understand how the percentage-based rent is calculated, so you can budget effectively.
- Keep Good Records: Keep track of your sales accurately.
- Stay in Touch: Keep talking to us, your landlord. If your business changes, we can figure out how that affects your rent together.
So, let's make the most of this Percentage-Based Lease Contract. It's a flexible and business-savvy way to manage your rent, ensuring our partnership works for your success.
