Before I started working with restaurants as an attorney, I did not know anything about the concept of percentage rent.  I didn’t even know it existed.  If you are reading this, you probably understand the basic idea of percentage rent, but if not:  it is where a tenant pays a percentage of its annual revenues […]

Many people new to the restaurant business are unfamiliar with the concept of percentage rent. In a restaurant lease, percentage rent provisions allow the Landlord to share in the profits of the business, often in exchange for a lower base rent. The idea is that if the restaurant makes a lot of money, the Tenant […]

The ongoing health crisis, restaurant shutdown, and general economic uncertainty have made these unprecedented times for the hospitality industry.  Many restaurants may close forever, and many others that were in development may never open in the first place.  That being the case, it is understandable that many restaurant owners have halted expansion plans, and many […]