Question

In your own words what does 5% rental fee mean?

Answer 1

Answer:

a periodical payment made a charge on land by reservation in a conveyance of land for life or in fee simple or granted by deed and expressly giving to the holder who has no reversionary interest in the land the right of distress for arrears — compare rent seck.

Explanation:

So just 5% of the total will be what is charged.

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