Property for lease Price: $15-$18 SF/YR.  Suppose you are the owner of this unit paying all expenses and interest rate is 10%. 

1.) If the expenses are $5/sq ft in Year 1, increasing by $1/yr thereafter, what is the effective net rent for the first 5 years?

 2.) If the rent increases by $2/sq ft each year thereafter, and the expenses are $5/sq ft in Year 1, increasing by $1/yr thereafter, what is the effective net rent for the first 5 years?

 3.) If the rent increases by $2/sq ft each year thereafter, and the expenses are $5/sq ft in Year 1, increasing by $1/yr thereafter. The expense stop is $7/sq ft, what is the effective net rent for the first 5 years?

 In the report, you should show your property information, and show your calculation steps on per sq ft basis.