Turnover rent
Turnover rent is a lease arrangement where a tenant pays the landlord a percentage of its sales, in addition to or instead of a fixed base rent, so the operator's income rises and falls with retailer performance.
Turnover rent is a lease arrangement where a tenant pays the landlord a percentage of its sales, in addition to or instead of a fixed base rent, so the operator's income rises and falls with retailer performance.
It directly aligns the operator with driving tenant sales, which is exactly what destination loyalty and offers aim to do. It also makes accurate sales and attribution data commercially important, not just a marketing nicety. The clearer the link between a campaign and tenant turnover, the stronger the operator's case to both tenants and finance.
See turnover rent working on your data.
Not a vision slide, the product, on data shaped like your destination's.