Quote:
Originally Posted by LndLocked
I can 150% assure you that they do make a % of sales. I not only personally know several biz owners that lease from The Developers commercial dept ..... I have seen actual leases. I also know several more that chose not to open a biz on TV leased space do to this lease provision. The % varies based on type of biz, location, size of space leased and length of lease.
The answer from the guy from the commercial dept was carefully phrased to avoid full disclosure.
That said .... it is not an uncommon practice in "hot" commercial markets.
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Good to know, I was afraid the businesses were not told of this percentage up front and that it was an unfair practice.
Thankfully it seems all parties looking to lease are free to make the best business decision for themselves.