Reporting Errors. If Landlord inspects Tenant's records as permitted by this Rent Addendum and if such inspection shows an error(s) in the statements submitted by Tenant which results in an understatement of Gross Sales by more than three percent (3%), then in addition to paying the Percentage Rent due, Tenant shall pay Landlord the reasonable cost of such inspection. In the event such inspection shows an overstatement of Gross Sales, then Landlord shall refund such overpayment to Tenant.
Appears in 3 contracts
Sources: Lease Agreement (CNL American Properties Fund Inc), Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (Aei Income & Growth Fund 23 LLC)