A percentage lease is a lease of property in which the rental is based on a percentage of the volume of sales made upon the leased premises. It usually includes a minimum base rental amount and is commonly used for retailers who are tenants.
A Power Center is a type of shopping center that primarily features a small number of large tenants, typically anchor or junior anchor tenants. These tenants often serve as 'category killers' in their respective markets, dominating the retail segment they represent.
