Final answer:
A lease in which the rent is determined by the amount of business done by the lessee is known as a percentage lease. In a percentage lease, the lessee pays a base rent plus a percentage of their sales.
Step-by-step explanation:
A lease in which the rent is determined by the amount of business done by the lessee is known as a percentage lease. In a percentage lease, the lessee pays a base rent plus a percentage of their sales. This type of lease is often used in retail spaces, where the landlord shares in the success of the tenant's business.