Learn a new word everyday dealing in Real Estate Industry! Todays - TopicsExpress

Learn a new word everyday dealing in Real Estate Industry! Todays Word:-Turnover rent. A rent which is calculated as a proportion of the annual turnover of the lessee\s business. Usually, it does not fall below a base rent. More commonly used in the USA, although in recent years being applied with increasing frequency in the Europe and the mature markets of Asia, especially in the case of the more profitable retail outlets.

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