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)_________

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.

User Sameera Lakshitha
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.