What is the total amount of rent paid

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Reference no: EM131859581

1. A retail tenant in Hoboken, NJ pays $25/sf plus overage to rent 1250 sf of space. If they earn $825,000 in total sales for the year and pay a percentage rent equal to 5% of chargeable sales as determined by their natural break point, what is the total amount of rent paid?

2. The annual reimbursable expenses for a 25,000 square foot building come to $87,500. What is the expense reimbursement for a tenant occupying 10,000 square feet with an expense stop equal to $2.25/sf?

Reference no: EM131859581

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