SECTION 45:20-3-9. Percentage leases

Latest version.

In the absence of proof to the contrary, anyone leasing premises to a Retail licensee for a reasonable rental that is based upon sales of alcoholic beverages by the licensee shall not be considered as having a financial interest in the operation of a retail store; PROVIDED, that no such lease shall provide for a rental of more than five (5) percent of the gross alcohol sales, and such lessor shall be limited to one such percentage type lease.

[Source: Amended at 35 Ok Reg 827, eff 10-1-18]

                    
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