Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do not try to click on all! Negative points will be given for any incorrectly clicked answers. A tenant's Load Factor equals 1 when there

image text in transcribed

Do not try to click on all! Negative points will be given for any incorrectly clicked answers. A tenant's Load Factor equals 1 when there are no common areas in any parts of the building. A tenant's Load Factor is always greater than 1 when there is a lobby that's considered a common area. The higher the Load Factor for common areas in all parts of the building, the higher the rent per s.f. of the tenant's usable space. The higher the Load Factor for common areas in all parts of the building, the higher the rent per square foot of the tenant's rentable space. A tenant should always prefer a lower Load Factor. CAM charges shift the costs of maintaining common areas from the property owner to tenants, and are part of tenants' total rents paid. Anchors and in-line tenants contribute to the mall's CAM expenses by paying their prorated share of the expenses that is based on their relative square footage of usable space. 25% CPI adjustment means that when the cost of living is rising the new level of rents will be 25% higher than in the previous year. Gross leases are always the riskiest for the tenants. All else being equal, a move-in allowance and a rent concession offered by the building owner to the new tenant have the same effects on the effective net rent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

School Finance Elections

Authors: Don E. Lifto, Bradford J. Senden, Daniel A. Domenech

2nd Edition

1607091488, 978-1607091486

More Books

Students also viewed these Finance questions

Question

5. Develop the succession planning review.

Answered: 1 week ago

Question

How can we separate myth from reality?

Answered: 1 week ago