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A tenant occupies 2,500 square feet and pays base rent of $30.00 per square foot. The tenant took occupancy of the space in year 2000 and the base...
A tenant occupies 2,500 square feet and pays base rent of $30.00 per square foot. The tenant took occupancy of the space in year 2000 and the base year stop was $5.25 per square foot. For 2004 the landlord estimated operating expenses and real estate taxes to be $7.25 per square foot. How much will the tenant pay for operating expense & real estate tax recoveries in 2004? Assume that inflation rate is zero.
A.$2,500
B.$5,000
C.$7,500
D.$10,000