Rent owed

Question 1

Calculate rent owed for a percentage (overage) lease

Answer 1

1. Total gross sales - sales threshold = gross sales subject to rent
2. Gross sales subject to rent * percentage charge in lease = additional annual rent
3. base rent + additional annual rent = total annual rent

Question 2

Calculate the rent owed for a variable (index) lease

Answer 2

1. Divide the new index by the original index
2. multiply the number from step one by the original rent