Gross lease with an expense stop

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Reference no: EM131359653

A tenant has a gross lease with an ‘‘expense stop’’of $2.75/SF. If the building has 200,000 square feet of leasable space, reimbursable operating expenses of $700,000, and the tenant rents 25,000 SF, then how much does the tenant owe the landlord in expense reimbursements (the total $ amount)?

$3.50/SF.

$25,000.

$58,750.

$18,750

Reference no: EM131359653

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