Western Co$,$ is leasing its entire $15-$story property to medical businesses. Dandy Dentist $($DD$)($tenant$)$ has rented a total net rentable area $($NRA$)$ of $14020$ square feet on the $3$rd floor. For year $1,$ DD pays a minimum base rent of $$140$ in addition to its pro$-$rata share of the estimated property operating expenses $($ignore property taxes$).$ The entire building has a total NRA of $500,000$ square feet. Assume actual operating expense for the year is $$515652$ greater than what was originally estimated. How much would DD need to pay Western at the end of year $1?$

Answer rating: 100% (QA)

To calculate the amount that Dandy Dentist DD would need to pay Western Co at the end of year 1 we n... View the full answer