Quote:
Originally Posted by LndLocked
"That is common to do business that way in strip mall retail areas. EVERYWHERE"
I respectfully disagree.
It is NOT common for a landlord / developer to ask for a % of gross profits in a lease agreement. They make money (as the have a right to) on lease payments (and some would say Common Area Management (CAM) ) ... however, a % of profits from your tenants is by no means normal.
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I doubt whether Publix gives a percentage of it's profits to the landlord..But it is NOT uncommon for clothing and other retail stores to do so across the U.S. I would guess as Jan said that the Publix was sought after and probably wrote a good agreement..
But again. I present this link to back up what I said.
http://www.ehow.com/how_107812_lease-retail-space.html