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today im joined by my colleague ken and were going to talk about percentage rent so ken whats a short definition of percentage rent well thanks adrian look percentage rent or otherwise known as the turnover rent is either an additional rent on top of your base rent or an amount that is in lieu of the base rent that is payable on a percentage of gross sales turnover rent is very common in shopping centers the overall concept of turnover rent is that if the landlord supports a tenant within a centre by providing marketing and a vibrant vibrant center the tenant will trade well the tenant will then enjoy the increase in sales and the landlord will receive the additional rent to calculate turnover rent both the landlord and tenant will agree a threshold above which turnover rent will be payable this may be calculated by a natural threshold which is linked to the base rent or specific threshold amount agreed by the landlord and tenant that is not linked to the base rent adrian what are t