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22 August, 17:50

Tyra owns a nail salon that's located in a strip mall. Her rent every month includes $1,800 base rent and 10% of her gross sales. What kind of lease does Tyra have?

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  1. 22 August, 19:29
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    The right answer is percentage lease.

    Explanation:

    A percentage lease can be defined as the lease in which the person who takes the place on rent has to give a fixed base rent plus some percentage of the total sales.

    In the given scenario, Tyra is giving the base rent plus 10% of her total sales as monthly rent to the owner which corresponds to the percentage lease.

    Hence, the most appropriate answer is percentage lease.
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Home » Business » Tyra owns a nail salon that's located in a strip mall. Her rent every month includes $1,800 base rent and 10% of her gross sales. What kind of lease does Tyra have?
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