You are comparing two, 5-year, NNN lease options for your office building: Option 1 - base rent
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Question:
Option 1 - base rent will be $24.00psf, per year increasing annually by 3%. Operating expenses are $9.00psf, per year increasing by 3% annually. The tenant will pay their share of operating expenses. The tenant wants two private offices built requiring tenant improvements totaling $20psf, which you will spend before the lease starts. You will also pay $10psf in lease commissions in year -0-.
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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