Why does landlord want to know my sales?

We have to provide this information per our lease but we do not pay based on sales and haven't provided the information to our landlord for at least 2 years, they've never asked about it until today. We've never been late on rent or anything of that sort. I just don't like having to share this information with anyone, especially anyone I expect to be negotiating my rent prices with.
In Leasing Property - Asked by Corina G. - Jul 21, 2017
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Answer(s)

Pasotex R.
Developer
El Paso, TX

Landlords ask for sales numbers for any number of reasons....
1. To show prospective clients or buyers current sales of Tenants within the center and that the center is a strong performer.
2. To make sure your business is solvent in anticipation of an upcoming renewal or sale of property.
3. To show the bank that the tenants are solvent and to give the appraisal of a property more weight in the case of refinance.
4. And as you said to determine proper rental rates.
That being said, unless it is specifically stated in your lease you are typically under no obligation to provide them.

Jul 21, 2017
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