Answer the following multiple-choice problem: a lease in which the tenant pays a rent based in part on the sales of the tenant’s business is known as a: a. percentage lease. b. participation lease. c. net lease. d. gross lease.

 percentage lease

Explanation: A lease percentage is a form of lease in which the occupant pays a base rent plus a percentage of any income earned while doing trade on the rented premises.

It's a phrase used in commercial property. A percentage lease agreement typically reduces the lessee base rate and provides additional growth potential to the mortgagee.

The lessee would consider this agreement appealing as it reduces this fixed cost, which usually represents a large proportion of operating expenses, and the lessor gains some potential for growth beyond what a regular lease might deliver .

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