Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3) Rent and Pro Rata Share of Expenses I have a tenant that will pay rent of $3,800 per month for a space that offers

3) Rent and Pro Rata Share of Expenses I have a tenant that will pay rent of $3,800 per month for a space that offers to the tenant a total of 4,000 square feet of rentable space.My building offers 28,500 total square feet of rentable space.Annual operating expenses for the building are $145,000, including taxes and insurance.The lease is a triple net lease.In annual rent per square foot terms, what is the base rent that this tenant is paying to me?In monthly terms, what will this tenant be paying for operating expenses in addition to the rent obligations?

Step by Step Solution

3.44 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

In a triple net lease NNN agreement the tenant is responsible for paying ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

9th Edition

1337614689, 1337614688, 9781337668262, 978-1337614689

More Books

Students also viewed these Finance questions

Question

classroom instruction that works with english language learners

Answered: 1 week ago

Question

Compare and contrast four theories of why aging occurs.

Answered: 1 week ago