Overage


Definition of "Overage"

Phillipa  Criswell
Phillipa Criswell Decker Bullock Sotheby's International Realty

  1. Rental increment tied to sales or profit that is in addition to the flat rental fee. Assume a retail store in a mall is charged a base rental of $5,000 per month plus 2% of sales. If sales are $100,000, the overage would be $2,000 and total rental would be $7,000.
  2. Selling price received for property in excess of the expected amount.
  3. An excessive amount; surplus.

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