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Property Law and Real Estate

Cleveland State University

Journal

1970

Nominal rent

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Percentage Leases: May Lessee Vacate Premises, Stuart F. Kline Jan 1970

Percentage Leases: May Lessee Vacate Premises, Stuart F. Kline

Cleveland State Law Review

A percentage lease is one which states a minimum rental, and, above that, an additional rental based upon a stated percentage of gross sales. The litigation posing the most difficulty in the area of percentage leases involves the right of the lessee to vacate the premises.

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