You are a building owner and just signed a lease for 7,000 sf of NRA. The terms
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Question:
You are a building owner and just signed a lease for 7,000 sf of NRA.
The terms are as follows:
Size: 7,000 sf
Term: 5 years
Free Rent: 3 months
Base Rent: $44.00/sf,
FSG Commencement Date: July 1, 2022
Base Year: 2022
Annual Increases: 3% per year
Assuming BY expenses were $14.00 in 2022, how much rent will tenant pay in calendar year 2023?
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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