Percentage Shopping Enter Lease Agreement Legal Form

Use a Percentage Shopping Enter Lease Agreement Legal template to make your document workflow more streamlined.

What this percentage lease agreement does

A Percentage Shopping Enter Lease Agreement Legal Form records the terms under which a shopping tenant pays rent tied partly to sales generated from the leased premises. It identifies the parties, premises, lease term, base rent, percentage-rent formula, reporting duties, payment dates, permitted use, operating requirements, and signatures. The parties should define which sales count, how returns and exclusions are treated, and how records may be reviewed. Electronic execution may be recognized under the federal ESIGN Act and applicable state law, but state-specific requirements can affect enforceability.

Field detection

Upload the drafted percentage lease and review detected fields before sending, reducing manual setup for rent, sales-reporting, initials, and signature information.

Role assignment

Assign landlord, tenant, guarantor, and witness fields directly to named recipients so each party receives only the actions required by the agreement.

Audit trail

Capture completed signatures, timestamps, access events, and authentication details in an audit trail linked to the final lease record.

Reusable template

Reuse an approved percentage-rent lease template while preserving editable fields for premises, term, sales formula, reporting dates, and payment provisions.

Mobile signing

Send the agreement from a browser or mobile app, allowing landlords, tenants, and representatives to review the same document without an in-person meeting.

System connections

Connect completed lease records with Google Drive, Box, NetSuite, or Procore workflows when the organization needs controlled storage or operational handoffs.

How the percentage lease workflow works

Prepare the commercial terms first, then use signNow to convert the completed percentage-rent agreement into a controlled signing record.

Upload document: Upload the percentage lease agreement.
Check fields: Review auto-detected fields and add missing rent, sales, and signature fields.
Send for signing: Assign landlord and tenant roles, then send the agreement.
Archive record: Collect signatures and store the completed file with its audit trail.

Authenticate signer:

Records the selected email, SMS, or identity method.

Timestamp actions:

Captures signing and viewing events with timestamps.

Hash document:

Associates the completed file with document integrity evidence.

Seal document:

Seals the final agreement against unnoticed changes.

Track events:

Logs delivery, access, completion, and signer activity.

Retrieve evidence:

Exports the audit trail with the signed agreement.

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Signer authentication and certificates

PKI certificates:

PKI certificate support

X.509 certificates:

Certificate-based identity evidence

Two-factor authentication:

Second-factor signer verification

SMS OTP:

One-time code delivery

ID verification:

Identity checks for signers

Audit attribution:

Authenticated signing events

Setting	Recommendation
Authentication method	Email link with SMS OTP
Signature type	Electronic signature with intent
Audit trail	Export with completed agreement
Document retention	Apply the governing state schedule
Encryption	TLS 1.2/1.3 and AES-256

Platform requirements for signing

Complete the Percentage Shopping Enter Lease Agreement Legal Form through a current Chrome, Firefox, Safari, or Edge browser using Windows, macOS, iOS, or Android. signNow supports browser-based signing and mobile apps, while TLS-secured connections protect data in transit.

Browser support Chrome, Firefox, Safari, Edge
Operating systems Windows 10, macOS, iOS, Android
Supported devices Desktop and mobile signing

Organizations should manage access through approved devices and user accounts. Enterprise deployments may connect signNow to SSO, APIs, and named systems such as Salesforce, Microsoft 365, NetSuite, Google Drive, Box, or Procore. Confirm internal retention, access, and certificate policies before production use.

Retention and record-keeping practices

Preserve the agreement, calculation evidence, signer history, and retention rationale as one controlled business record.

Apply a documented retention schedule

Keep the signed lease agreement, percentage calculation exhibits, amendments, and completion certificate together. Apply the retention rule selected for the transaction, document the responsible custodian, and review state-specific requirements before deletion. Do not rely on the platform’s availability alone as the organization’s legal retention policy.

Export the audit trail promptly

Export the completed signNow Audit Trail with the signed agreement and preserve both files under one transaction identifier. Record signer events, timestamps, authentication details, and delivery history so reviewers can connect the evidence to the exact percentage-shopping lease agreement.

Secure confidential lease records

Store the final agreement and audit evidence in access-controlled archival storage. Use encryption at rest, restrict downloads to authorized personnel, and maintain an immutable or version-controlled copy when the lease contains pricing, tenant information, or other confidential commercial terms.

Match retention to the governing rule

For agreements involving protected health information, retain records for six years from creation or the last effective date under 45 CFR §164.530(j). For tax records, apply IRC §6501(a) and extend retention when the applicable exception requires it.

Retention periods for related records

Select the record class that actually applies to the lease transaction; state requirements and contract terms may require longer retention.

Three years: federal tax records

Retain three years from filing under IRC §6501(a), unless an exception applies.

Six years: HIPAA records

Retain six years from creation or last effective date under 45 CFR §164.530(j).

Three years: FLSA payroll records

Retain three years under 29 CFR §516.5 for covered payroll records.

Five years: OSHA injury records

Retain five years following the year under 29 CFR §1904.33 for covered injury records.

Seven years: SOX audit records

Retain seven years under 15 U.S.C. §7245 for covered audit records.

State rules and excluded documents

State notarization

May require notarization

Wills excluded

Not an electronic will

Court filings

Court acceptance may fail

Real-estate deeds

Deed recording may fail

Troubleshooting percentage lease agreements

Resolve field, signer, consent, plan, and state-law issues before treating a percentage lease agreement as fully executed.

Upload the lease agreement as a PDF or supported document, then inspect every auto-detected field. signNow’s Business plan provides templates and audit trails, but the sender remains responsible for checking percentage-rent formulas, exhibits, dates, and signer assignments before sending.

Use signNow’s field settings to assign each rent, sales-reporting, initials, and signature field to the correct party. A completed audit trail supports attribution, but it cannot correct a field assigned to the landlord instead of the tenant.

The Business plan is listed at $8 per user monthly when billed annually and includes legally binding eSignatures and audit trails. Subscription plans include 100 signature invites per user annually; additional invite charges may apply, so review usage before sending batches.

For consumer-facing electronic records, ESIGN requires disclosure of the right to paper, electronic-access capability, and withdrawal procedures under 15 U.S.C. §7001(c). Configure the disclosure in the workflow before requesting a tenant’s electronic signature.

A lease involving protected health information requires a documented HIPAA process and a business associate agreement where applicable. signNow states HIPAA compliance with a BAA required; do not place unnecessary health information in the lease or exhibits.

If a state requires notarization for a particular lease execution or acknowledgment, an ordinary electronic signature may not satisfy that requirement. Confirm the applicable state rule and use an authorized notarization process before treating the document as complete.

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