Turnover

Turnover is an indicator for calculating Turnover Rent. It is used in the retail sector. The indicator tends to be a certain percentage (usually 6-10%) specified in the lease agreement. If we multiply the annual turnover achieved by the tenant in its business unit by the percentage and compare the resulting value with the annual rent paid by the tenant, and if the difference is positive, i.e. the turnover rent is higher than the base rent, then this difference is additionally invoiced as Turnover Rent to the tenant.