TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PERCENTAGE LEASE [2 records]

Record 1 2015-08-17

English

Subject field(s)
  • Real Estate
DEF

A lease stipulating that a percentage of the tenant's gross or net sales, as defined by the lease, will constitute the rent.

OBS

A minimum rent is usually included although a straight percentage is occasionally encountered. A ceiling rent may also be provided for.

French

Domaine(s)
  • Immobilier
DEF

Bail stipulant que le loyer du locataire sera égal à un pourcentage de son chiffre d'affaires brut ou net, tel qu'il a été défini dans le bail.

OBS

Un loyer minimum figure généralement dans le bail, mais il arrive parfois que l'on ne prévoit qu'un loyer proportionnel. Un loyer maximal peut également être prévu.

Spanish

Save record 1

Record 2 2013-04-22

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
CONT

(Percentage leases, which are) leases of commercial premises in which the rent is fixed at a percentage of the tenant's receipts or profits, and thus varies with them, have become common in the United States and are now being used in Canada. (Laskin, Revised Edition 1964, p. 281).

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

bail à loyer proportionnel : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 2

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