If all tenants respected the terms of their lease, what is the total of expense recoveries for
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If all tenants respected the terms of their lease, what is the total of expense recoveries for 2020?
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The owner of an office building totaling 52,000 sq. ft. has the following rent roll for 2020: Unit 1 Unit 2 Unit 3 Unit 4 15,000 12,000 12,000 11,000 $10 $13 $8 $9 Single Net Gross Triple Net Double Net In addition, the owner has compiled the following list of expenses: $15,000 $11,000 $50,000 $45,000 $9,000 $5,000 $11,000 Occupied sq. ft. Base rent Lease type Property management: Insurance: Property taxes: Income taxes: Cleaning & Maintenance: Interest expense: Other operating expenses: The owner of an office building totaling 52,000 sq. ft. has the following rent roll for 2020: Unit 1 Unit 2 Unit 3 Unit 4 15,000 12,000 12,000 11,000 $10 $13 $8 $9 Single Net Gross Triple Net Double Net In addition, the owner has compiled the following list of expenses: $15,000 $11,000 $50,000 $45,000 $9,000 $5,000 $11,000 Occupied sq. ft. Base rent Lease type Property management: Insurance: Property taxes: Income taxes: Cleaning & Maintenance: Interest expense: Other operating expenses:
Expert Answer:
Answer rating: 100% (QA)
To calculate the total expense recoveries for 2020 we need to determine the type of lease for each unit and use the formulas for each type of lease Fo... View the full answer
Related Book For
Human Resource Management
ISBN: 978-0538453158
13th Edition
Authors: Robert L. Mathis, John H. Jackson
Posted Date:
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