Typically from the LL, and in most markets I've seen on the base term only calculated on a percentage of base lease term's overall value. I've seen it range from 2.5 to 6%. Payment schedule is all over the map....I've done deals where LL's will pay 50% at lease exec & 50% at rent commencement, and others where it's 100% at opening, 50% at exec, 25% at RC, 25% 6 mos after RC, and variations of this. Also, many LLs looking for repayment of unamortized expenses including commission.
Oct 8, 2015