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A retail tenant occupies 5 , 5 0 0 square feet in a 1 0 0 , 0 0 0 square foot shopping center. The
A retail tenant occupies square feet in a square foot shopping center. The lease calls for the tenant to pay a prorata share of common area maintenance expenses. In addition, an administrative fee of should be paid ie based on the common area maintenance expenses that the tenant should pay Common area maintenance costs are estimated at $ annually. How much does the tenant pay in common area maintenance and administrative fee on an annual basis?
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$
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