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  • Vacation rental

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    thatched roofs on Vilm Island, near Rügen in Germany A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US. In Europe the term villa rental or villa holiday is preferred for rentals of detached houses in warm climates. Other terms used are self-catering rentals, holiday homes, holiday lets (in the United Kingdom), cottage holidays (for rentals of smaller accommodation in rural locations) and gîtes (in rural locations in France). Vacation rentals have long been a popular travel option in Europe (especially in the UK) as well as in Canada and are becoming increasingly popular across the world.

  • Rent (musical)

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    Original Broadway cast, 1996Rent is a rock musical with music, lyrics, and book by Jonathan Larson, loosely based on Giacomo Puccini's opera La bohème. It tells the story of a group of impoverished young artists struggling to survive and create a life in New York City's East Village in the thriving days of Bohemian Alphabet City, under the shadow of HIV/AIDS. The musical was first seen in a workshop production at New York Theatre Workshop in 1993. This same Off-Broadway theatre was also the musical's initial home following its official 1996 opening. The show's creator, Jonathan Larson, died suddenly of an aortic dissection, believed to have been caused by undiagnosed Marfan syndrome, the night before the Off-Broadway premiere. The musical moved to Broadway's larger Nederlander Theatre on April 29, 1996. On Broadway, Rent gained critical acclaim and won several awards. The Broadway production closed on September 7, 2008, after a 12-year run of 5,123 performances. On February 14, 2016, the musical Wicked surpassed Rents number of performances with a 2pm matinee, pushing Rent from the tenth- to eleventh-longest-running Broadway show. The production grossed over $280 million. The success of the show led to several national tours and numerous foreign productions. In 2005, it was adapted into a motion picture featuring most of the original cast members.

  • Percentage rent

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    Percentage rent, or a percentage lease, is a type of lease seen in commercial real estate. It is a rental charge based on the gross income of the tenant rather than a fixed monthly or annual value. In most examples, the percent rent only applies after a certain amount of base rent has been paid. The amount where the percentage rent begins to apply is known as the breakpoint. Some leases may be purely percent based and have no base component, but such cases are not common. Percent rent is normally considered an additional rent term. For example, if a tenant has a base rent of $1,000 per month, and a percentage rent of 5% of income on an annualized basis, then the natural breakpoint is (12 x 1,000) / 5% = $240,000. That means the tenant will pay only base rent until they have an annual income greater than $240,000, although they may agree to some other breakpoint value as part of the lease negotiation. If their income surpasses the breakpoint, the percent rent is only the portion that has not already paid.

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