Compute percentage rent without inventing the sales
Lesson 4 of 8 · Asset classes: know the deal beneath the deal
1 · Learn the move · Verified-data override
The override moment is the whole lesson: the formula says the natural breakpoint is base rent ÷ rate, $3,000,000. But the lease states $2,600,000, and the document wins. Verified-data override trains exactly that reflex: what the model would compute on its own yields to what the verified source says, with the clause quoted so the override is checkable. The same hard line covers sales. Pasted reports are the only sales data, and everything downstream of a missing report comes back UNKNOWN instead of plausible, because one invented sales figure in a landlord memo is a misrepresentation problem, not a rounding error.
What's the breakpoint on this retail lease and how much percentage rent will the tenant pay this year? [PASTE]
2 · Your turn. You write the prompt
Your asset manager wants to know when a retail tenant tips into percentage rent. You have the signed lease with base rent and a percentage clause, but the tenant hasn't submitted this year's sales report. You need the breakpoint math done clean. With no sales number conjured out of thin air.
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