More Landlords Offering Retailers Rent Agreements Based On Monthly Sales

Money, money, money (image)More Landlords Offering Retailers Rent Agreements Based On Monthly Sales | #ESC_LLC | When the COVID-19 pandemic was at its worst, many commercial landlords gave their tenants a deal: pay us a portion of your monthly sales in rent instead of the normal amount in order to remain open (pymnts). https://wp.me/p97JNV-1Fc

“More shopping-center owners are signing new leases where rent is tied directly to a portion of sales, at least for a period,” per the news outlet. “These percentage-rent leases are especially attractive to newer retailers, offering some flexibility so that they aren’t saddled with large losses as they are starting out.”

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