Turnover rent
From ACT Wiki
Law - commercial tenancy - rent.
Turnover rent is rent payable by a commercial tenant to a landlord, calculated by reference to the tenant's business turnover.
- Commercial property - risk sharing
- "If retail areas are to return to health, boarded-up shops and voids are undesirable, one might argue.
- Turnover rents, where landlords share in the success or failure of tenants, are increasingly a topic of conversation."
- Ian Chisholm, group treasurer, Grosvenor Group - The Treasurer, Issue 2, June 2021, p40
