HMS Host

active

aviation

Lease #AV-2021-0234 · SeaTac International Airport

Term

2021-01-01 → 2031-12-31

Renewal: 1 x 5-year option

Space

Unit A-114 (Food Court)

2,800 sqft · SeaTac International Airport

Rent

$112,000/year

$9,333/month

Total Lease Obligation

Fixed Components

/year

Variable Components

$112,000

estimate /year

Total Monthly

$9,333

/month

Total Annual

$112,000

/year

Fixed 0%Variable 100%

Lease Clauses & Rent Calculation Engine

1 active clause — click to see step-by-step calculations

Clause 1 of 1tiered percentagePRIMARY VARIABLE

Percentage Rent (Tiered)

Tiered percentage of gross sales with Minimum Annual Guarantee

MAG

$96,000/yr

Rate Tiers

First $800,0008%

Above $800,00012%

MAG vs. Percentage Rent Tracking

Year-to-date minimum annual guarantee monitoring

MAG vs Percentage Rent Tracking

YTD through 3 months

HMS Host

lease-hmshost-a114

On Track

YTD % Rent vs MAG26%

$24,800 YTDMAG $96,000

YTD Sales

$310K

YTD % Rent

$25K

MAG

$96K

Projected Annual

$117K

Monthly Accruals

Clause Comparison (Amendment Analysis)

Side-by-side comparison of current vs. proposed amendment terms

tiered percentage

Percentage Rent (Tiered)

Current

MAG

Annual Amount Due

$112,000

Proposed Amendment

MAG

Annual Amount Due

$112,000

$112,000$112,000

$0 (0.0%)

Special Provisions

Tenant must maintain food safety certifications. Monthly gross sales reports due by 15th of following month.

Documents

Amendments & Audit Trail

2 amendments

Tenant Information

Contact

Robert Chen

rchen@hmshost.com

Phone

(240) 694-4100

Compliance

warning