Utah Statutes
§ 32B-1-208 — Percentage lease agreements.
Utah·Title 32B Alcoholic Beverage Control Act·Ch. 32B-1 Alcoholic Beverage Control General Provisions·Part 32B-1-2 Miscellaneous Provisions
(1)As used in this section:
(1)(a) "Percentage lease agreement" means a lease agreement in which the lessee:
(1)(a)(i) is a retail licensee; and
(1)(a)(ii) pays the lessor:
(1)(a)(ii)(A) a base rent; and
(1)(a)(ii)(B) percentage rent.
(1)(b) "Percentage rent" means a percentage:
(1)(b)(i) agreed upon between a lessor and lessee; and
(1)(b)(ii) of the total sales revenue that:
(1)(b)(ii)(A) exceed a fixed dollar amount of sales revenue; and
(1)(b)(ii)(B) the lessee earns while doing business on the rental premises.
(2)(2)(a) The parties to a percentage lease agreement shall submit a copy of the percentage lease agreement to the department.
(2)(b) If there is a material change to the percentage lease agreement submitted to the department under Subsection (2)(a), the parties to the perce
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Utah § 32B-1-208 (Percentage lease agreements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 3, 2020 Special Session 5
Nearby Sections
15
§ 32B-1-101
Title.§ 32B-1-102
Definitions.§ 32B-1-103
Policy.§ 32B-1-104
Exercise of police powers -- Severability.§ 32B-1-202
Proximity to community location.§ 32B-1-202.1
Proximity for certain hotel and arena licensees.§ 32B-1-203
Licensee compliance with other laws.§ 32B-1-204
Powers of local authority.§ 32B-1-206
Advertising prohibited -- Exceptions.§ 32B-1-208
Percentage lease agreements.§ 32B-1-301
Title.§ 32B-1-302
Definitions.