Turnover rent is a rental agreement calculated in relation to the income & other receivables generated at the leased property. While turnover-based rent in the retail industry is nothing new, recent events – namely the Covid-19 pandemic – have exacerbated rising trend of retailers turning to this kind of lease
This is a guest post by Sandy Stein, an author, Forbes contributor, and the founder and moderator of RETAIL SPEAK on LinkedIn. A year ago, I had the good fortune of spending a day with Vend’s founder and self-proclaimed weirdo, Vaughan Fergusson. Together we visited some of Minneapolis’s more innovative
