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Unlocking the Secrets of Turnover Rent in Rental Properties
Understanding turnover rent is crucial in the rental property market. It's a percentage of a tenant's sales added to the base rent. Here's how to calculate it:
Gather Records: Collect the tenant's sales figures.Review Lease: Check for any exclusions or deductions.Calculate Gross Turnover: Use the sales figures to find the total turnover.Apply Percentage: Apply the agreed percentage to calculate the turnover rent.Consider Exclusions: Account for any specified exclusions or ... more
