Retail lease where tenant pays a base rent plus a percentage of gross sales above a natural breakpoint. Standard for shopping centers and malls where landlord participates in tenant's commercial success.
The Percentage Lease (Retail) is a ready-to-use real estate template you can send for signature in minutes. It is written for 2 signers (landlord and tenant) and, by default, expires 30 days after it is sent if left unsigned. It covers commercial, percentage lease, retail, shopping center, mall, gross sales. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Percentage Lease (Retail) This Percentage Lease Agreement ("Agreement") is entered into as of ___________, by and between: **Landlord:** ___________, a ___________ ("Landlord"), with a principal address of ___________. **Tenant:** ___________, a ___________ ("Tenant"), with a principal address of ___________. --- ## 1. Premises Landlord leases to Tenant the retail premises located at ___________, Space/Suite No. ___________, consisting of approximately ___________ rentable square feet ("Premises"), within the shopping center known as ___________ ("Shopping Center"), in ___________, ___________, ___________. **Total Shopping Center GLA:** ___________ square feet. ## 2. Lease Term **Commencement Date:** ___________ **Expiration Date:** ___________ The term shall be ___________ year(s). Tenant has ___________ upon ___________ days' prior written notice, exercisable only if Tenant is not in default. **Rent Commencement Date:** ___________. ## 3. Rent ### 3.1 Base Rent Tenant shall pay Landlord a fixed monthly base rent ("Base Rent") as follows: | Lease Year | Monthly Base Rent | Annual Base Rent | |------------|------------------|-----------------| | Year 1 | ___________ | ___________ | | Year 2 | ___________ | ___________ | | Year 3 | ___________ | ___________ | | Year 4 | ___________ | ___________ | | Year 5 | ___________ | ___________ |