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If you’ve negotiated percentage rent provisions in your leases with several of your retail tenants at the shopping center you own, you’re probably relying on these tenants to give you correct gross sales figures so that you can get the percentage rent that you’re owed, and can gauge how well the tenants’ businesses are doing. But there have been scenarios where a dishonest tenant may try to undercut the owner’s percentage rent by lowering its gross sales figures.
