asked 103k views
4 votes
A retail store in a mall pays a base rent each month and a variable payment in addition to the base rent based on sales. This is most likely a(n)_________

asked
User JudRoman
by
7.5k points

1 Answer

2 votes

Final answer:

A retail store in a mall that pays a base rent each month and a variable payment based on sales is most likely a lease agreement.

Step-by-step explanation:

The retail store in a mall that pays a base rent each month and a variable payment based on sales is most likely a lease agreement. A lease agreement is a contract between a landlord (the mall) and a tenant (the retail store) that specifies the terms of renting the space. The base rent is a fixed cost that stays the same each month, while the variable payment based on sales is a cost that fluctuates depending on the store's performance.

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.