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Q: I negotiated a “percentage rent” clause in my lease with a “general store”-type tenant at my center. At the time, the tenant didn’t have an automated teller machine (ATM) in its space, but it just installed one at the front of the store, so that customers can access cash when checking out. I assume that the tenant will charge an ATM fee. Will I be entitled to a percentage of the fees it will collect from all of its ATM transactions?
