You have entered into a Retail lease that has a fixed Base Rent of $10/SF on your 5,000 SF space. Your annual sales are $400/SF. Your Lease also requires Percentage Rent of 5% based on a Natural Breakpoint. How much is your first year's Base Rent, Percentage Rent and then the total Rent?

Answer rating: 100% (QA)

Answer First Years base rent 50000 First Years percentage rent 5... View the full answer