Free tool

Percentage rent breakpoint calculator

Derive the natural breakpoint from base rent and rate, override it with a negotiated figure, and compute what is owed at the annual true-up.

Lease terms
$
%

Applied to sales above the breakpoint

An artificial breakpoint overrides the natural one

Reported sales
$
$

Netted out of the annual true-up

Percentage rent

Natural breakpoint$120,000 ÷ 6%
$2,000,000
Breakpoint applied
$2,000,000
Reported sales
$2,450,000
Sales above breakpoint
$450,000
Percentage rent6% of excess
$27,000
Less already billed
$0
Due at true-up
$27,000

Illustrative only. Check the lease for exclusions from gross sales and the reporting period the breakpoint applies to.

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When percentage rent actually gets paid

Most retail tenants never cross their breakpoint, which is by design — the breakpoint is usually set so that percentage rent is upside rather than baseline. A tenant paying percentage rent every year is a tenant whose base rent was probably set too low.

Because it is upside, percentage rent is easy to under-collect. It depends on sales reports arriving on time and someone remembering to compute the true-up. That combination is exactly why it goes uncollected in spreadsheet-run portfolios.

Questions

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