Further matters must be taken into account when drafting a turnover rent.

The trustees will receive a turnover rent subject to a guaranteed minimum level.

Turnover rent - is e-commerce properly covered by existing arrangements?

Is this in connection with turnover rent?

The rental terms reflect the Galleria's base and turnover rent throughout the Centre.

However, owners appear to want to share some revenue from telecommunications infrastructure, which is a move towards the retail concept of turnover rents.

GST will be payable on commercial rent, including turnover rent.

In times of recession, turnover rents are more favourable to tenants because the tenant's liability to pay rent is related to his ability to pay.

The underwriting was based on projected gains in rents of about 5 percent a year through lease renewals and turnover rents.

Some tenants pay a basic rent plus a percentage of any excess of their gross turnover over a given amount (a turnover rent).

Net rental income included turnover rents of £3.5 million and car park and other income from properties of £6.2 million.

Clause 48 of the Code should permit calculation of turnover rent with reference to total turnover or part of the total turnover.

Where there is a turnover rent, it may be wise to require the tenant to take out business interruption insurance to cover any potential loss if damage to the premises prevents business.

Recent market developments indicate that rents for retail properties may fall by 10% or more in the next six months, as slowing retail sales growth will impact both base and turnover rents.

From the operation of this shopping center, PASAL expects annual revenue (constant leases) of approximately 6 mn euro, without including turnover rents and income from parking.

Retailers at the BMD meeting called for the introduction of turnover rent, calculated by reference to the turnover generated at a shop, in a move to ease shopkeepers concerns and prevent job losses in the sector. '

Putting Coles Myer in the "spotlight" for an action to obtain turnover rent (that was known to be "lend" from day one) and then attempt to bludgeon a small retailer with huge costs and expenses does not seem very clever.

Inexplicably, the costs of undertaking that audit were substantially in excess of any possible turnover rent that might become due and payable from Khao Thai if they had in fact found any irregularities in the sales records.

If turnover rent for the final year of a lease will not be known until the end of the term, does this means such a lease does not have to be lodged for assessment for the unascertainable cost until after the expiry of the term?

Because turnover rent is required to be calculated on the basis of actual turnover, not a deemed amount, if turnover rent is paid in advance before turnover calculations have been made, any underpayment or overpayment that is discovered must be adjusted.