Question: I am having a hard time proceeding with the rest of the questions. Help! Thoroughly analyze and discuss all parts of the following problem. 1.

 I am having a hard time proceeding with the rest of

I am having a hard time proceeding with the rest of the questions. Help!

Thoroughly analyze and discuss all parts of the following problem. 1. You are a lease analyst for a major New York real estate organization. You are handed a document entitled "Lease" between ABC Corp. and XYZ Limited Partnership as landlord. You are handed a term sheet as follows: PREMISES: Area on the first floor in the building located at W 1142nd Street. TERM: 10 years USEABLE SQUARE FOOTAGE: 74,700 sq. ft. LOSS FACTOR: 17% RENT: $280,000 minimum rent up to $3.5 million in gross sales and 4% thereafter. TYPE OF LEASE: Triple Net There is a delivery of possession clause that states: "Landlord will tender possession of the Premises to Tenant on April 1,2023. Except for force majeure, rent shall commence on this date." After the lease is signed, the leasing agent discovers that USA General Partnership was the actual owner of the property. Moreover, the old tenant is holding over in the space as a tenant at sufferance and does not plan to leave the space. a) Calculate the rentable square footage with the information given here. 90,000RSF b) Calculate the rent due if gross sales from the premises are $9 million. c) Discuss the issues arising from the discovery of USA General Partnership as the actual owner of the property. d) Discuss the issues with respect to the Tenant's contention that rent should not begin until the old tenant vacates the premises, and the new tenant is able to occupy the space. e) Is this a valid lease? Discuss your answer in depth giving at least Two (2) reasons for your

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