TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PERCENTAGE CEILING [2 records]

Record 1 2015-08-17

English

Subject field(s)
  • Real Estate
DEF

A lease stipulating that a percentage of the tenant’s gross or net sales, as defined by the lease, will constitute the rent.

OBS

A minimum rent is usually included although a straight percentage is occasionally encountered. A ceiling rent may also be provided for.

French

Domaine(s)
  • Immobilier
DEF

Bail stipulant que le loyer du locataire sera égal à un pourcentage de son chiffre d'affaires brut ou net, tel qu'il a été défini dans le bail.

OBS

Un loyer minimum figure généralement dans le bail, mais il arrive parfois que l'on ne prévoit qu'un loyer proportionnel. Un loyer maximal peut également être prévu.

Spanish

Save record 1

Record 2 1998-07-28

English

Subject field(s)
  • Law of Contracts (common law)
DEF

A contract where the cost of consulting services are directly related to project construction costs or a ceiling thereof. A percentage of the approved construction costs is paid and, once approved, no matching of inputs to payment is required.

French

Domaine(s)
  • Droit des contrats (common law)

Spanish

Campo(s) temático(s)
  • Derecho de contratos (common law)
Save record 2

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