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Please help me figure this out Comments / Suggestions: Start by building Expenses first then adjust if necessary Be mindful of expenses that fluctuate based
Please help me figure this out
Comments / Suggestions: Start by building Expenses first then adjust if necessary Be mindful of expenses that fluctuate based on occupancy Total costs per year of Tenanting Costs? List Each Tenant on Separate Schedule MONTH by MONTH, then summarize annual 4 Tenants, but 3 Different kinds of leases Fixed vs Variable costs Utilites Management fees Total building sf is 60,000 . in a multi-tenant building those that reimburse expenses do so on their pro-rata share Assumption: when tenant's lease expires they renew at their then current rent with 2% annual increases for another 10 years. Landord agrees to improve their leasehold interest; costs of improvements and brokerage commissions are as outlined below, further the landlord agrees to provide the tenant 3 months of base rent for free as inducement to sign the new lease Landlord Costs [Paid at lease beginning) Tenant Improvements $3psi Leasing Commissions 4% of all base rents to be collected Landlord Costs [Paid at lease beginning) Tenant Improvements $9 per square foot occupied Leasing Commissions 6% of all Base Rents to be collected throughout term of lease Landlord Costs (Paid at lease beginning) Tenant improvements $20 per square foot oceupied Leasing Commissions 6% of all Base Rents to be collected throughout term of lease Annual Summary \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Year } & 1 & 2 & 3 & 4 \\ \hline Base income & & & \\ Plus Reimbursements \\ Total Income \\ Less operating expenses: \\ Reimbursable expenses \\ Non reimbursable expenses \\ NOI \end{tabular} Comments / Suggestions: Start by building Expenses first then adjust if necessary Be mindful of expenses that fluctuate based on occupancy Total costs per year of Tenanting Costs? List Each Tenant on Separate Schedule MONTH by MONTH, then summarize annual 4 Tenants, but 3 Different kinds of leases Fixed vs Variable costs Utilites Management fees Total building sf is 60,000 . in a multi-tenant building those that reimburse expenses do so on their pro-rata share Assumption: when tenant's lease expires they renew at their then current rent with 2% annual increases for another 10 years. Landord agrees to improve their leasehold interest; costs of improvements and brokerage commissions are as outlined below, further the landlord agrees to provide the tenant 3 months of base rent for free as inducement to sign the new lease Landlord Costs [Paid at lease beginning) Tenant Improvements $3psi Leasing Commissions 4% of all base rents to be collected Landlord Costs [Paid at lease beginning) Tenant Improvements $9 per square foot occupied Leasing Commissions 6% of all Base Rents to be collected throughout term of lease Landlord Costs (Paid at lease beginning) Tenant improvements $20 per square foot oceupied Leasing Commissions 6% of all Base Rents to be collected throughout term of lease Annual Summary \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Year } & 1 & 2 & 3 & 4 \\ \hline Base income & & & \\ Plus Reimbursements \\ Total Income \\ Less operating expenses: \\ Reimbursable expenses \\ Non reimbursable expenses \\ NOI \end{tabular}Step by Step Solution
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