About turnover rent
In addition to lease contracts based on a fixed rent per month, Planon supports turnover-based rent—a rental model where the amount due is partially or fully based on the lessee’s reported turnover. This model is common in retail leasing, where turnover is typically calculated as a percentage of the lessee’s turnover.
Turnover rent can be used:
• On its own (as a substitute for fixed rent),
• Or in combination with a fixed base rent.
Typically, turnover rent applies once the lessee’s turnover exceeds a breakpoint. Any turnover beyond that point is charged at an agreed percentage rate.
 | Planon allows turnover rent to be calculated from both the lessee’s and the lessor’s perspective. |
Before using turnover rent in Planon, some setup is required:
• The rent agreements between lessor and lessee must be configured per lease contract.
• A turnover profile must be created to define the rules for rent calculation, prepayments, and settlement periods.
Once the profile is linked to a contract, Planon can:
1. Calculate turnover rent based on reported turnover.
2. Settle the amount as a one-time charge at the end of each settlement period.
The Turnover rent solution in Planon consists of the following TSIs:
• Turnover rent - configuration
Here you can set up lease contracts, turnover types, turnover profiles, turnover groups and breakpoints.
• Turnover rent - input data
Here you can register the turnover results reported by the lessees.
• Turnover rent - settlement
Here you can perform a (trial) turnover settlement for a specific period.
For more information, see the relevant sections in Working with...
| | Turnover rent is sometimes also referred to as ‘percent rent’, ‘percentage rent’, or 'sales-based rent'. |