- Category: Rent Monies
The basis of paying rent in a lease of commercial business premises is often a fixed amount per year with whatever rent review arrangements in the future to suitably adjust to the market level at that point or through a prescribed RPI basis in the index-linked calculation.
Whilst you may have slight differences in how this is apportioned over every quarter or charging period, it is essentially a fixed amount that everyone can budget for.
However, 'turnover rents' are different and variable year-on-year. Designed to connect the amount of rent a tenant pays to their successful trade at a property, they can be a helpful incentive for both a tenant and landlord.
But on the other side of the coin, they can get complicated.Write comment (0 Comments)