Form-of-the-Week: Commercial lease agreement — percentage and month-to-month — Forms 552-4 and 552-5

A landlord, tenant, leasing agent or property manager when negotiating rent payments as a percentage of a non-residential tenant’s gross sales uses a Commercial Lease Agreement of the percentage variety to set the terms for a fixed-term tenancy or uses the month-to-month variety to prepare a Commercial Rental Agreement for a periodic tenancy.