Rent: Gross Jons Law Firm agrees to pay $20 per foot in annual gross rent. Expenses are

Question:

Rent: Gross Jon’s Law Firm agrees to pay $20 per foot in annual gross rent. Expenses are $5 per square foot. Jon’s Law Firm is renting 10,000 square feet.

Including expenses, what is Jon’s annual payment to the landlord?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

An Introduction To Real Estate Finance

ISBN: 9780123786265

1st Edition

Authors: Edward Glickman

See More Books

Question Posted: Oct 17, 2024 05:00 AM

See More Questions

Please answer using Excel in the exact format given below Mixed Use Project FIRE 305, Principles of Real Estate, Fall 2018 Tenant Assumptions Assumptions Tenant Remaining Lease Term Gross Leasable...
What is the PGI, EGI, expenses, NOI, Taxes, etc.? The following are the income characteristics: Office - 70,000 square feet is leased to a national tenant, Mortgage Bankers Association for $38 per...
What type of tenancy is being created by this contract? And how is this type of tenancy different than the other types of tenancies that can be created? The month is October, and the year is 2019....
ABC Company produces mode trains. During the month of July, it produced 4,000 trains. The actual labor hours were 8 hours per train. Its standard labor hours are 10 hours per train. The standard...
Describe three applications of virtual reality.
A 50-lossless transmission line is connected to a load composed of a 75-resistor in series with a capacitor of unknown capacitance. If at 10 MHz the voltage standing wave ratio on the line...
Rent: Gross Jons Law Firm agrees to pay $20 per foot in annual gross rent. Expenses are $5 per square foot. Jons Law Firm is renting 10,000 square feet. Including expenses, what is Jons annual...
1. Does Robert need an emergency fund? If so, how much emergency savings should he try to set aside? What type of account would you recommend for his emergency fund? 2. Comment on Franks use of...
In the following statement "...the sole purpose of a business is to make a profit" - do you believe that should be the goal of every company? I am not saying it is right or that it is wrong, I want...
Pro Rata Allocation of Expenses Harrys Hat Shop operates a 2,000-square-foot store in New Market Mall. There are 100 stores in New Market Mall totaling 400,000 square feet. What is the pro rata...
Adjustments to NOI: Vacancy Loss Marvin Gardens, a 200-unit B-grade apartment complex in Scottsdale, Arizona, is currently 97 percent occupied and has rent revenue of $2,328,000 per year. NOI for the...
How does a company decide whether to use a job order or a process cost system?
According to McNutt and Hoeffer (2021), "the stock of low-cost housing is being destroyed through gentrification" as a result which of the following multiple consequences occur? Group of answer...
Your salary next year is expected to be $40,000. Assume you expect your salary to grow at a steady rate of 3% per year for another 22 years. If the appropriate cost of capital (aka discount rate) is...
Millen Corporation is a merchandiser that is preparing a master budget for the month of July. The company's balance sheet as of June 30th is shown below: Millen Corporation Balance Sheet June 30...
3-6. Fast Bimolecular Reaction Suppose that the irreversible reaction A+BC takes place at steady state in a liquid film of thickness L. As shown in Fig. P3-6, species A is supplied at x=0 and B at...
A project will produce an operating cash flow of $7,300 a year for three years. The initial investment for fixed assets will be $11,600, which will be depreciated straight-line to zero over the...
A solenoid with a length of 20 cm and a radius of 5 cm consists of 400 turns and carries a current of 12 A. If z = 0 represents the midpoint of the solenoid, generate a plot for H (z) as a function...
The Strahler Stream Order System ranks streams based on the number of tributaries that have merged. It is a top-down system where rivers of the first order are the headwaters (aka outermost...

Rent: Gross Jons Law Firm agrees to pay $20 per foot in annual gross rent. Expenses are

Question:

Step by Step Answer:

An Introduction To Real Estate Finance

Students also viewed these Business questions