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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