Calculate the effective rent for a five-year lease.

Gross Lease with Expense Stop and CPI Adjustment

Rent will be $tt.00 per rentable square foot at the first year and increase by the full amount of any change in the CPI after the first year with an expense stop at $25.00 per square foot. The CPI for the next two years (after the first year) will be 4% and it will be 5% in the last two years of the lease.