Avoid Persistent Audits of Kiosk Sales

Shopping center or mall owners that grant licenses to kiosks and carts to conduct business there will want to audit the books and records of a set percentage of those kiosks and carts each year to verify their gross sales. It’s not uncommon for kiosks and carts to submit gross sales statements that underreport their gross sales. Assuming your kiosk or cart license agreement gives the owner the right to audit, it would probably take advantage of this to help deter you from underreporting your gross sales—and underpaying percentage rent.

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