A prospect is offered half off their first month's rent if they sign a 15 -month lease at $1,800/month. What is the effective rent for this lease? A. 51,740mo B. $1,725/mo C. $1,800/mo D. $1,660/mo QUESTION 5 A commercial tenant is looking to lease a 5,500 sf space. The base rent is $22/ sflyear. The owner offers a concession to reduce the rent by $2/ sflyear for the first two years of a seven year lease. What is the effective rent for this lease? A. $20.80 B. $21.43 C. $21.60 D. $2000 QUESTION 6 A real estate manager spends $450 on a marketing project to lease a vacant apartment. The marketing effort led to the apartment being leased at $1,150, and is suspected to have saved 20 days of vacancy. Was this marketing effort an effective decision? A. No, the net benefit does not outweigh the costs. B. Financial effectiveness cannot be determined from the information provided. C. Yes, the net benefit results in greater NOI for the property. D. No, all marketing efforts only reduce NOI