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OMSETNINGSBASERT VEDERLAG

English translation: sales-based rent


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:OMSETNINGSBASERT VEDERLAG
English translation:sales-based rent
Entered by: Roshini Sacra
Options:
- Contribute to this entry
- Include in personal glossary

19:24 Nov 9, 2011
Norwegian to English translations [Non-PRO]
Law/Patents - Law: Contract(s) / Commercial Lease
Norwegian term or phrase: OMSETNINGSBASERT VEDERLAG
"Dersom den faktiske omsetning gir et beregnet Omsetningsbasert Vederlag som er lavere enn det garanterte minstebeløpet, skal Kontraktsparten yte det garanterte minstebeløpet som Omsetningsbasert Vederlag, uavhengig av størrelsen på faktisk omsetning."

I know that the lease is a Percentage Lease...
But, in context, this seems more like the term "Sales-based Rent", a term used in the US to a certain degree, I believe.

Is there another term for it - The literal translation "Revenue based Renumeration" seems a bit wordy, and in some paragraphs doesn't fit quite right, since the term is used repeatedly in a few clauses.

Any feedback is much appreciated!
Roshini Sacra
United States
Local time: 06:26
sales-based rent
Explanation:
This is what I would use in the context.
Selected response from:

Diarmuid Kennan
Ireland
Local time: 11:26
Grading comment
2 KudoZ points were awarded for this answer



Summary of answers provided
3 +1sales-based rent
Diarmuid Kennan


  

Answers


10 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
sales-based rent


Explanation:
This is what I would use in the context.

Diarmuid Kennan
Ireland
Local time: 11:26
Native speaker of: Native in EnglishEnglish
PRO pts in category: 23
Notes to answerer
Asker: Thank you for the feedback!


Peer comments on this answer (and responses from the answerer)
agree  Chris S: or revenue-based
19 hrs
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Voters for reclassification
as
PRO / non-PRO
PRO (2): trsk2000, Chris S


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Changes made by editors
Nov 17, 2011 - Changes made by Roshini Sacra:
Created KOG entryKudoZ term => KOG term


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