Turnover rent is currently available to a limited group of customers as part of a beta. Some steps or screens may change before the general release.
Turnover rent lets you charge a tenant rent that is linked to the sales they generate, alongside or instead of their base rent. Instead of tracking spreadsheets and manual calculations, you record each tenant's sales in Re-Leased, and the platform works out the turnover rent for you, raises the invoices, and reconciles the year at the end.
This guide explains how the pieces fit together and links to step-by-step articles for each stage.
Who this is for
Turnover rent is designed for property professionals managing retail and other commercial leases where part of the rent is calculated as a percentage of the tenant's gross sales turnover. You'll get the most from it if you manage leases with periodic sales reporting and an annual reconciliation.
How turnover rent works in Re-Leased
There are four stages, usually handled at different times:
Set it up once for your organisation. An administrator switches turnover rent on and creates a default invoice template. See Enabling turnover rent for your organisation.
Configure each lease. For every lease that uses turnover rent, you set up the sales categories, the rate terms (including how the rate is applied and how base rent is treated), and the invoice settings. See Setting up turnover rent on a lease.
Record sales each period. As tenants report their sales, you enter the figures for each period and attach any supporting sales certificates. Re-Leased calculates the turnover rent as you go. See Recording sales figures for a period.
Reconcile at the end. Once you have the tenant's actual annual figures, you run a reconciliation to compare what was charged against what was actually due, and raise an invoice or credit note for the difference. See Reconciling turnover rent.
To understand exactly how the figures are worked out — including tiered rates and how base rent is handled — see How turnover rent is calculated.
Key terms
Term — the set of rules used to calculate turnover rent for a lease over a period of time, including the rate, the reporting frequency, and how base rent is treated. A lease can have past, current, and future terms.
Sales category — an optional way to split a tenant's sales (for example by product type), so you can apply a different rate to each.
Revenue collection period — how often the tenant reports sales: monthly, quarterly, or annually.
Calculation period — the period over which the rate tiers are applied. When this differs from the collection period, turnover rent is calculated cumulatively.
Reconciliation — the end-of-period check that compares the turnover rent already charged against the actual amount due, producing an invoice or credit note for any difference.
Where to find turnover rent
You'll work with turnover rent in two main places:
The Turnover Rent hub, where you record sales and manage reconciliations across your tenants.
The Turnover Rent tab on an individual lease (under Rent & Outgoings), where you configure that lease's categories, terms, and invoice settings.
[Image 1: The Turnover Rent hub showing the Sales data and Reconciliations tabs]
Next steps
If you're setting turnover rent up for the first time, start with Enabling turnover rent for your organisation, then Setting up turnover rent on a lease.