Percentage Rent is a component of a rental agreement, specifically under a percentage lease, where rent is partially determined by the income or sales generated by the tenant's business operating within the leased property.
A Tenant Finish-Out Allowance refers to the monetary compensation provided to retail or office tenants to accommodate their unique requirements for setting up their leased space, including modifications such as walls, partitions, and lighting installations. This allowance is typically provided by the landlord and is expressed in dollars per square foot.
