When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed:
A: A net lease;
B: A gross lease;
C: A voidable lease;
D: A percentage lease.
Answer: D: A percentage lease.
Business
A: A net lease;
B: A gross lease;
C: A voidable lease;
D: A percentage lease.
Answer: D: A percentage lease.