The Structure of a Retail Lease

This paper develops an option-theoretic model of a retail lease. The standard retail lease contains provisions for a security deposit, a base rent, and a percentage rent or a sharing between landlord and tenant of rent revenue above a preset sales threshold or break point level. The findings show th...

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Veröffentlicht in:	The Journal of real estate research 2004-04, Vol.26 (2), p.223-236
Hauptverfasser:	Benjamin, John D., Chinloy, Peter
Format:	Artikel
Sprache:	eng
Schlagworte:	Commercial space Economic rent Landlords Leases Percentage leases Real estate leases Rental industry Rents Retail trade Revenue Security deposits Tenants Tradeoffs
Online-Zugang:	Volltext
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